Recently, Everbright Bank announced that it will stop operating its personal precious metals business on behalf of the Shanghai Gold Exchange from October 19. In the personal precious metals trading business represented by banks, the precious metals spot deferred trading business has leveraged characteristics and is highly risky. People familiar with the matter said that the suspension of the bank's personal precious metals trading business acting as an agent of the Shanghai Finance Institute was initiated by the Shanghai Banking Corporation. Since the Shanghai Finance Institute previously proposed and officially decided to stop this business agency, customers are no longer able to buy from banks. Banks continued to push for clearance during the period after they stopped buying. Currently, more than 10 banks have announced the suspension of this business.

Recently, Everbright Bank announced that it will stop operating its personal precious metals business on behalf of the Shanghai Gold Exchange from October 19. In the personal precious metals trading business represented by banks, the precious metals spot deferred trading business has leveraged characteristics and is highly risky. People familiar with the matter said that the suspension of the bank's personal precious metals trading business acting as an agent of the Shanghai Finance Institute was initiated by the Shanghai Banking Corporation. Since the Shanghai Finance Institute previously proposed and officially decided to stop this business agency, customers are no longer able to buy from banks. Banks continued to push for clearance during the period after they stopped buying. Currently, more than 10 banks have announced the suspension of this business.