Core Viewpoint - The Shenzhen Municipal Financial Committee Office issued a warning regarding illegal financial activities in the gold trading sector, highlighting the risks associated with fraudulent schemes disguised as gold investment opportunities [1][2]. Summary by Relevant Sections Illegal Activities - Recent fluctuations in gold prices have led to the emergence of illegal activities, including unauthorized "gold entrustment," "gold leasing," and "gold investment" schemes, which may involve illegal fundraising, fraud, gambling, and other unlawful behaviors [1]. - Case examples illustrate how gold jewelry dealers are misleading consumers into signing contracts that promise fixed returns without the actual transfer of physical gold [1][2]. Case Examples - Case One: A gold jewelry dealer (A) lured consumers into signing a physical gold purchase contract, then encouraged them to enter into a gold entrustment contract with a related third party (B), promising fixed returns [1]. - Case Two: Another dealer (C) used a similar tactic with "gold leasing," where consumers were misled into signing contracts that promised rental returns without actual gold possession [1]. - Case Three: A dealer (D) established an illegal gold trading app, promoting misleading offers such as "1,000 grams of gold for a 10,000 yuan deposit," with a high leverage ratio, exposing investors to significant risks [2]. Regulatory Warning - The warning emphasizes that gold jewelry dealers and stores are not financial institutions and lack the necessary licenses from national financial management authorities to engage in gold asset management or public fundraising activities [2]. - The public is urged to be vigilant and to avoid falling for enticing phrases like "guaranteed returns" and "low investment, high returns," which are often associated with illegal financial activities in the gold investment sector [2].

Core Viewpoint - The Shenzhen Municipal Financial Committee has issued a warning regarding illegal financial activities in the gold trading sector, highlighting the risks associated with fraudulent schemes disguised as gold investment opportunities [1][2]. Regulatory Framework - China implements a licensing system for financial businesses, prohibiting any organization or individual from engaging in financial activities without approval from national financial regulatory authorities [2]. - Relevant laws and regulations specify that futures trading must occur on legally established exchanges, and only qualified financial institutions can conduct gold asset management [2]. Industry Concerns - Various gold jewelry dealers and stores are not recognized as financial institutions and lack the qualifications to engage in gold asset management or public deposit solicitation [3]. - The public is urged to be cautious and avoid falling for misleading investment pitches that promise guaranteed returns or high interest rates [3]. Recent Incidents - In mid-September, reports emerged of over ten gold merchants in Shenzhen's Shui Bei area facing operational issues, with some having disappeared, raising concerns about their business practices [3][4]. - On October 11, the Shenzhen Gold Jewelry Association issued a warning about three companies involved in illegal gambling activities disguised as gold trading, leading to criminal charges against their executives [4].

Core Viewpoint - The article highlights the risks associated with illegal financial activities in the gold trading sector, particularly in Shenzhen, urging the public to be vigilant against fraudulent schemes disguised as legitimate gold investment opportunities [2][4]. Summary by Sections Illegal Financial Activities - The Shenzhen Municipal Financial Committee warns that with fluctuations in gold prices, some individuals and companies are engaging in illegal activities under the guise of gold trading, such as "gold entrustment," "gold leasing," and "gold investment," which may involve illegal fundraising, fraud, and gambling [2][3]. Regulatory Framework - China has a licensing system for financial businesses, and any organization or individual must obtain permission from national financial regulatory authorities to engage in financial activities. Relevant laws and regulations specify that futures trading must occur on legally established exchanges, and only qualified financial institutions can conduct gold asset management [3][4]. Public Awareness and Warnings - The article emphasizes that gold jewelry dealers and stores are not financial institutions and lack the qualifications to engage in gold asset management or public deposit solicitation. The public is advised to avoid misleading investment pitches promising guaranteed returns or high interest rates [4][5]. Recent Incidents - In mid-September, reports emerged of over ten gold merchants in Shenzhen's Shui Bei area facing operational issues, with some having disappeared. Investigations revealed that these merchants were involved in high-leverage betting transactions disguised as gold trading, which deviated from normal business practices [4][5]. Legal Consequences - On October 11, the Shenzhen Gold Jewelry Association issued a warning regarding three companies involved in illegal gambling activities under the pretense of gold trading. The authorities have taken legal action against the responsible individuals, highlighting the serious legal repercussions for such fraudulent activities [5].

Core Viewpoint - The Shenzhen Municipal Financial Committee warns about illegal financial activities in the gold trading sector, highlighting the risks associated with fraudulent schemes disguised as gold investment opportunities [1][3]. Group 1: Illegal Activities - Recent fluctuations in gold prices have led to the emergence of fraudulent schemes, including "gold entrustment," "gold leasing," and "gold investment," which are often linked to illegal fundraising, fraud, and gambling [1]. - Case examples illustrate how gold dealers mislead consumers into signing contracts that promise fixed returns while failing to deliver actual gold [1][2]. - A specific case involves a gold trading app that promotes high returns with low investment, misleading investors into believing they can secure significant gold amounts with minimal upfront costs [2]. Group 2: Regulatory Framework - The warning emphasizes that financial activities related to gold must be conducted by licensed financial institutions, as per Chinese regulations [3]. - It is illegal for any organization or individual to engage in financial activities without proper authorization from national financial regulatory bodies [3]. - The document specifies that only banks, trusts, securities, funds, futures, and insurance asset management institutions are qualified to manage gold assets, and any unauthorized entities lack the necessary qualifications [3]. Group 3: Public Awareness - The public is urged to remain vigilant and choose legitimate investment channels, avoiding enticing offers that promise guaranteed returns or low-risk investments [4]. - Individuals are encouraged to report any suspicious activities related to gold investment schemes to relevant authorities [4].

Core Viewpoint - The Shenzhen Municipal Financial Committee Office warns about illegal financial activities in the gold trading sector, particularly as gold prices fluctuate, leading to fraudulent schemes disguised as legitimate gold investment opportunities [1] Group 1: Illegal Activities - Recent fluctuations in gold prices have led to the emergence of illegal activities such as "gold entrustment," "gold leasing," and "gold investment," which are associated with illegal fundraising, fraud, gambling, and illegal operations [1] - These activities disrupt the economic and financial order and pose significant risks to public property safety [1] Group 2: Regulatory Framework - China implements a licensed operation system for financial businesses, prohibiting any organization or individual from engaging in financial activities without approval from national financial regulatory authorities [1] - Various gold and jewelry dealers and stores are not classified as financial institutions and lack the qualifications to manage gold assets or engage in futures and derivatives trading [1] Group 3: Public Advisory - The public is advised to be vigilant and choose legitimate investment channels, avoiding enticing phrases such as "guaranteed returns," "high interest from gold leasing," and "low investment with high returns" that may lead to illegal financial traps [1] - Individuals are encouraged to report any suspicious activities related to "gold entrustment," "gold leasing," or "gold investment" to relevant authorities [1]