Core Viewpoint - Industrial Bank announced the closure of its personal online banking trading channel for gold and precious metals transactions on February 14, 2026, due to business development needs and high market risks [1][3]. Group 1: Company Actions - Industrial Bank will maintain normal operations for other trading channels, such as counter and mobile banking, while closing the online channel [1]. - The bank has previously made adjustments to its gold trading business, including the closure of certain trading functionalities on July 15, 2022, and has been actively cleaning up inactive accounts since October 2025 [3]. Group 2: Market Context - The precious metals market is experiencing significant volatility, prompting the bank to remind customers to complete necessary operations such as contract settlements and withdrawals [3]. - Other banks, including ICBC, CCB, and CITIC Bank, have also made similar adjustments to their gold trading services, indicating a broader trend in the banking sector regarding the management of personal gold trading accounts [4].

Core Viewpoint - Several banks are adjusting their personal precious metals trading services due to significant market volatility and associated risks, with a focus on reducing high-risk trading channels and managing operational costs [2][4][5]. Group 1: Bank Adjustments - Industrial Bank announced it will close its online trading channel for personal precious metals transactions after February 14, 2026, while maintaining other transaction channels [2]. - Other banks, including Postal Savings Bank and Industrial and Commercial Bank of China, have also announced similar adjustments, with the former ceasing its personal precious metals business entirely from January 12, 2026 [5][6]. - The adjustments reflect a broader trend in the banking industry to tighten or withdraw from personal precious metals trading services, emphasizing risk management and compliance [5][6]. Group 2: Market Conditions and Risks - The current precious metals market is experiencing significant volatility, prompting banks to remind clients to complete necessary account closures and transactions [4]. - The high leverage and volatility associated with personal precious metals trading, particularly in deferred contracts, pose substantial risks to individual investors, leading banks to proactively manage these risks [5][6]. - Industry experts highlight that the primary risks in personal precious metals trading include market, compliance, operational, and reputational risks, with market risk being the most critical due to price fluctuations [6].

Market Overview - The market opened higher with the Shanghai Composite Index rising over 1% and the ChiNext Index increasing over 3% [1] - As of the midday close, the Shanghai Composite Index was at 4113.28 points, up 1.17%, with a trading volume of 622.6 billion; the Shenzhen Component Index was at 14194.23 points, up 2.07%, with a trading volume of 868.4 billion; the ChiNext Index was at 3337.03 points, up 3.11%, with a trading volume of 432.7 billion [1] Sector Performance - The film and television, photovoltaic equipment, communication equipment, and cultural media sectors saw significant gains, while oil and gas extraction, gas, and liquor sectors experienced declines [1] - The photovoltaic concept stocks surged, with over ten constituent stocks hitting the daily limit, and GCL-Poly Energy achieving a four-day limit-up [2] - The computing hardware concept also performed strongly, with Tianfu Communication hitting a 20% limit-up and reaching a historical high [2] - AI application stocks were active, with companies like Rongxin Culture, Zhongwen Online, and others hitting the daily limit [2] - The chemical sector was lively, with companies like Runtu and Jihua Group hitting the daily limit [2] - The commercial aerospace concept saw gains, with companies like Topsolid and Hangxiao Steel Structure hitting the daily limit [2] Institutional Insights - Guotai Junan expressed strong optimism about the Chinese market outlook, suggesting holding stocks through the holiday, citing a shift in global monetary policy and a focus on domestic demand by the Chinese government [4] - GF Securities forecasted a potential "favorable timing, geographical advantages, and human harmony" for A-shares in the coming 1-2 months, highlighting February as a historically strong period for market activity [4]

Group 1 - The core announcement from Industrial Bank states that it will close the online trading channel for personal precious metals transactions on February 14, 2026, due to business development needs [1][3] - Other trading channels such as counter and mobile banking will remain operational despite the closure of the online channel [1][3] - The bank has highlighted the current volatility in the precious metals market, indicating significant market risks, and urges personal clients who have not completed their contract terminations to take necessary actions [1][3]