Several major banks, including Bank of Communications, China Merchants Bank, and Industrial and Commercial Bank of China, have announced they will cease offering personal precious metals trading services through the Shanghai Gold Exchange starting in July. This move is seen as a proactive risk management strategy to prevent customer defaults and reputational damage during extreme market conditions, while also protecting investors from potential losses due to precious metal price volatility. Separately, a Huatai Securities report forecasts a significant increase in global semiconductor manufacturing capital expenditure by 2028, projecting it to more than double from 2025 levels, which is expected to drive substantial growth in both front-end and back-end semiconductor equipment markets. AI
RANK_REASON The item discusses regulatory actions by banks and a financial forecast, not a core AI development.
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