多家银行调整代理上海黄金交易所贵金属业务

Core Viewpoint - Recent adjustments by commercial banks regarding the agency business for personal precious metals trading at the Shanghai Gold Exchange are aimed at enhancing risk management and protecting investor interests due to increased market volatility and compliance requirements [1][4]. Group 1: Business Adjustments - Industrial and Commercial Bank of China (ICBC) announced on December 15 that it will strengthen management of its agency business for personal precious metals trading at the Shanghai Gold Exchange [1]. - Several banks, including major state-owned banks and joint-stock banks, have issued similar announcements regarding the adjustment of their agency business for personal precious metals trading [2][3]. - ICBC will transfer the balances of margin accounts with no positions, no inventory, and no debts to the linked settlement accounts starting December 19, 2025, and will terminate related business functions [2]. Group 2: Account Cleanup - Banks are focusing on cleaning up accounts with no positions, no inventory, and no debts, urging clients to withdraw funds [2][3]. - China Construction Bank and other banks have previously issued notices for clients to transfer their margin balances and terminate agreements related to personal precious metals trading [3]. - The adjustments reflect a broader trend among banks to suspend or stop new trading activities in personal precious metals due to compliance and market conditions [4]. Group 3: Risk Management - The agency business for personal precious metals trading involves various risks, including market, compliance, operational, and reputational risks, with market risk being the most significant [5]. - The ongoing volatility in the precious metals market is testing banks' risk management capabilities and pushing them to innovate in product offerings and customer service [5].