Recently, it was revealed that Shenzhen Shuibei, the largest gold and jewelry distribution center in China, had a gold raw material supplier “blasted off the road”, taking away huge sums of money. On September 13, several gold merchants reported the incident to the Shenzhen police, claiming that the head of the company lost contact after making a large advance payment to “Yue Baoxin”. The reporter learned through nearby merchants that the store was still operating normally on September 12, and the building was suddenly empty on the morning of September 13. According to Tianyan survey information, YueBaoxin's full name is “Shenzhen Yuebaoxin Precious Metals Co., Ltd.”, which was established in August 2023. As a large-scale gold raw material intermediary in the Shuibei market, Guangdong Baoxin provides downstream processing merchants with gold raw materials. In addition, many foreign merchants will mail the recycled gold to Yue Baoxin for settlement. Afterwards, the reporter also made several phone calls to YueBaoxin Company's contact numbers shown by Tianyan Search, but no one answered. After Yue Baoxin closed its business, there was a market rumor that “there was a wave of gold traders running out of business in the Shuibei Market.” The reporter's field investigation found that there is no “wave of escapes” in the Shuibei market, and there are also gold materials merchants issuing announcements to liquidate. Furthermore, the reporter interviewed Zhang Wenyang, Secretary General of the Shenzhen Gold and Jewelry Industry Association. He said that online rumors are exaggerated and untrue.

Recently, it was revealed that Shenzhen Shuibei, the largest gold and jewelry distribution center in China, had a gold raw material supplier “blasted off the road”, taking away huge sums of money. On September 13, several gold merchants reported the incident to the Shenzhen police, claiming that the head of the company lost contact after making a large advance payment to “Yue Baoxin”. The reporter learned through nearby merchants that the store was still operating normally on September 12, and the building was suddenly empty on the morning of September 13. According to Tianyan survey information, YueBaoxin's full name is “Shenzhen Yuebaoxin Precious Metals Co., Ltd.”, which was established in August 2023. As a large-scale gold raw material intermediary in the Shuibei market, Guangdong Baoxin provides downstream processing merchants with gold raw materials. In addition, many foreign merchants will mail the recycled gold to Yue Baoxin for settlement. Afterwards, the reporter also made several phone calls to YueBaoxin Company's contact numbers shown by Tianyan Search, but no one answered. After Yue Baoxin closed its business, there was a market rumor that “there was a wave of gold traders running out of business in the Shuibei Market.” The reporter's field investigation found that there is no “wave of escapes” in the Shuibei market, and there are also gold materials merchants issuing announcements to liquidate. Furthermore, the reporter interviewed Zhang Wenyang, Secretary General of the Shenzhen Gold and Jewelry Industry Association. He said that online rumors are exaggerated and untrue.