Xin Lang Cai Jing·2026-02-02 07:33Core Viewpoint - China Merchants Bank announced adjustments to the margin levels and price fluctuation limits for its "Zhaocai Gold" business due to increased volatility in domestic and international precious metal prices, aiming to mitigate market risks and protect investor interests [1][3]. Summary by Category Margin Adjustments - Starting from the close of trading on February 2, 2026, the margin ratio for contracts including Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 will increase from 60% to 70% [1][3]. - The margin level for the Ag (T+D) contract will also rise from 60% to 70% on the same date [1][3]. Price Fluctuation Limits - For the Ag (T+D) contract, if a one-sided market occurs on February 2, 2026, the price fluctuation limit will increase from 19% to 25% starting the next trading day after the close [1][3]. - If no one-sided market occurs, the price fluctuation limit for Ag (T+D) will remain unchanged [1][3].