Several Chinese commercial banks are tightening their grip on personal precious metals trading business, specifically those involving the Shanghai Gold Exchange (SGE). This move comes in response to recent volatility in the international precious metals market and aims to mitigate potential risks and protect investors. Banks like Industrial Bank have increased margin ratios for deferred precious metals trading, while others such as China Construction Bank and Industrial and Commercial Bank of China have announced the cessation of these services. This action aligns with regulatory guidance to standardize derivative business for individual investors, though it does not restrict the purchase of gold as a long-term investment. AI
RANK_REASON Significant policy changes by major financial institutions impacting a specific market segment. [lever_c_demoted from significant: ic=1 ai=0.1]
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