Chinese Banks Tighten Personal Bullion Trading Rules, Some Suspend Service

XAU-0.55%
According to Jin10, starting June 27, Chinese commercial banks have tightened regulations on personal precious metals trading proxied through Shanghai Gold Exchange. Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) announced suspension of the service, while other lenders including Industrial Bank raised margin requirements on delayed-delivery contracts amid volatile international bullion markets.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments