农业银行：金市通合约保证金比例及涨跌停板调整

Core Viewpoint - The announcement by Agricultural Bank of China regarding adjustments to margin ratios and price fluctuation limits for gold and silver contracts indicates a proactive approach to risk management in the commodities market [1] Group 1: Margin Adjustments - The margin ratio for Au (T+D) and mAu (T+D) contracts will increase from 43% to 44% effective December 30, 2025 [1] - The margin ratio for Ag (T+D) contracts will increase from 48% to 49% effective December 30, 2025 [1] Group 2: Price Fluctuation Limits - The price fluctuation limit for Au (T+D) and mAu (T+D) contracts will be adjusted from 15% to 16% starting from the next trading day after December 30, 2025 [1] - The price fluctuation limit for Ag (T+D) contracts will be adjusted from 18% to 19% starting from the next trading day after December 30, 2025 [1] Group 3: Contingency Measures - In the event of a one-sided market on December 30, the higher margin and fluctuation limits as per the Shanghai Gold Exchange's risk management regulations will be applied [1] - After trading resumes on January 5, 2026, the price fluctuation limits for Au (T+D) and mAu (T+D) contracts will revert to 15% on the first trading day without a one-sided market [1] - The price fluctuation limit for Ag (T+D) contracts will revert to 18% on the first trading day without a one-sided market [1]