On July 15, ICBC issued an announcement stating that in order to adapt to changes in the market situation, in accordance with the "ICBC Account Precious Metals Transaction Agreement", "ICBC Account Precious Metals Transaction Rules" and other relevant agreements, starting from Au

2024/07/0102:25:32 finance 1313

On July 15, ICBC issued an announcement stating that in order to adapt to changes in the market situation, in accordance with the "Industrial and Commercial Bank of China Account Precious Metals Transaction Agreement", "ICBC Account Precious Metals Transaction Rules" and other relevant agreements, starting from August 15, 2022, Beijing time Starting from 8:00 on the same day, it will suspend the opening transactions of account gold and account silver business. The opening orders that have been set by customers and have not been completed will automatically become invalid. The closing transactions of customers holding positions and will not be affected.

ICBC also reminded that given the great uncertainty in the international commodity market, it is recommended that customers with position balances carefully control the size of their positions and pay attention to preventing and controlling their own risks.

It is worth noting that this is not the first time that ICBC has made a decision to tighten its personal precious metals trading business.

Previously, ICBC also announced that starting from 9:00 on August 15, 2022, Beijing time, it will suspend the opening transactions of individual precious metals deferred settlement contracts of the Shanghai Gold Exchange and the agency of individual gold spot real orders. Buying transactions of contracts, closing transactions of deferred delivery contracts on behalf of individuals and selling transactions of gold spot solid contracts on behalf of individuals will not be affected. (Article | "Financial World" Weekly Tang Guo)

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