Di Yi Cai Jing·2026-02-26 22:46Core Viewpoint - The recent fluctuations in gold and silver prices have prompted banks to increase margin requirements for precious metals trading, reflecting heightened market risks and regulatory compliance needs [2][4][8]. Group 1: Margin Adjustments by Banks - Agricultural Bank of China announced an increase in margin requirements for gold and silver contracts from 80% to 100% due to rising market risks [4]. - Industrial and Commercial Bank of China also raised the margin for various gold and silver contracts to 100%, following a previous increase from 60% to 80% [4][5]. - Several banks, including China Construction Bank and Bank of China, have similarly adjusted their margin requirements, with some reaching 100% [5][6]. Group 2: Regulatory and Compliance Actions - Banks are not only increasing margins but also cleaning up existing business, including closing accounts with no activity and reducing transaction channels [2][10]. - Postal Savings Bank announced a complete cessation of certain precious metals trading services, with mandatory liquidation for inactive accounts by a specified deadline [10]. - Many banks have already suspended new account openings and trading activities in precious metals, focusing on existing clients [9][10]. Group 3: Market Context and Implications - The adjustments in margin requirements come in response to significant price volatility in the precious metals market, which has seen historical highs [8]. - The tightening of margin requirements indicates a broader trend of risk management among banks in the face of fluctuating commodity prices [2][8].