Original title: Heavy burst! Eight major banks, including ICBC, China Construction Bank, Bank of China, Agricultural Bank of China, China Merchants Bank, and Bank of Communications, urgently announced: What is the signal for suspending this transaction and opening new accounts?
On November 27th, the five major state-owned countries that established diplomatic relations withbank, Shareholding systembankChina Merchants Bank, Ping An, and Industrial Development on the same dayannouncement, Personal gold, silver, etc. will be suspendedPrecious metalsTrading new account opening business.
After the crude oil treasure incident, there were at least 8 companies on Friday after the gold price fluctuated sharply.bankAnnounced personal suspensionPrecious metalsBusiness account opening.
On November 27, the five major state-owned banks in the construction of the Ministry of Industry and Agriculture, and the joint-stock banks, China Merchants Bank, Ping An, and Industrial, announced on the same day that they would suspend personal gold, silver, etc.Precious metalsTrading new account opening business.
The reason given by the above-mentioned banks is that due to the impact of the international political and economic situation and the new crown epidemic, precious metalsmarketpriceVolatility, investmentTransaction riskIncrease.
Previously,The Shanghai Financial Exchange announced that from the closing of liquidation on November 30, the NYAuTN12 contractGuaranteeThe gold ratio has been adjusted from 12% to 15%, and will be restored to gold after liquidation on December 15productMarginProportion level.
Gold is a safe-haven investment product.Since the beginning of this year, the prices of gold and silver have fluctuated sharply. After the impact of the new crown epidemic on the global economy, the price of gold rose sharply from US$1,500 in January to the highest in August that exceeded US$2,000, and then the price of gold fell back to around US$1,800, a 4-month low.
8 banks suspend new accounts for precious metals
November 27,ChinaICBCNotice to suspend personal gold and silver trading business newclientOpentransaction account。
ICBC said that recently, affected by the global epidemic and the international political and economic situation, international and domestic precious metal prices continue to fluctuate significantly, and market risks and uncertainties have increased significantly.
ICBC has suspended all channels (including counters, counters, etc.) from 24:00 on November 28mobile bank, Internet Banking, ICBC e-Invest) New customers of personal account gold and account silver business open trading accounts, and the normal transactions of customers who have opened accounts will not be affected.Starting from 9:00 on November 28th, all channels (including counters, mobile banking, online banking, “ICBC Gold Expert” applet and external cooperative institutions, etc.) are suspendedproxyPersonal customers apply for precious metal bidding transactions, and the normal transactions of customers who have opened accounts will not be affected.
ICBC reminded that due to complex factors such as the epidemic, the risk in the precious metals market is currently high. It reminds customers to reasonably control the size of their positions, make trading arrangements, improve risk prevention awareness, and pay attention to risk control.
November 27,ChinaConstruction BankThe “Announcement on Market Risk Warning of Personal Precious Metal Trading Business” was released, and the account of precious metals (including two-way trading) will be suspended from November 30, and the signing and opening of accounts for the precious metals trading business of the individual on the gold exchange will be suspended.
According to China Construction Bank, affected by the new crown epidemic and global political and economic factors, the recentinternational marketPrecious metalsPrice fluctuationsIntensified, the risks of account precious metals (including two-way transactions) and the precious metals trading business of the agent on the gold exchange have increased.Please raise awareness of risk prevention and control reasonablyPosition, Rational investment. In order to effectively protect the rights and interests of investors, starting from November 30, CCB’s account precious metals (including two-way transactions) and the agency’s personal listing of precious metals trading business on the gold exchange have suspended the signing of account opening.
November 27,ChinaAgricultural Bank of ChinaAnnouncement, affected by changes in the global political and economic situation, the recent price fluctuations in the international precious metal market have increased, and the risk of individual customer trading precious metals business has increased. In order to protect the interests of investors, the Agricultural Bank of China is scheduled to suspend account-based precious metal trading business and represent Shanghai Gold Exchange’s personal precious metal trading customers to sign and open accounts. The normal trading of account-opened customers will not be affected. Please be aware of and pay close attention to market risks, conduct transactions cautiously, and reasonably control positions.
November 27,Bank of CommunicationsIssued the “Announcement on the Suspension of Account Opening for Precious Metals and Other Related Trading Business”. Recently, due to the impact of the international political and economic situation and the new crown epidemic, the price of the precious metal market fluctuates sharply, and the risk of investment transactions has increased. In order to protect the rights and interests of investors, from 12:00 on November 28, Bank of Communications’ book-entry precious metals, deferred transactions of personal precious metals agents, and account opening of new customers of Jinbao business will be suspended. Please pay full attention to the risk of price fluctuations in the precious metal market, conduct relevant investment transactions prudently and rationally, and do a good job of risk management and control.
Bank of ChinaThe announcement stated that from November 28, the agency’s personal Shanghai Gold Exchange business and the signing of two-way account precious metal products will be suspended, and the normal transactions of contracted customers will not be affected. It is reminded to pay attention to the relevant risks brought by market changes in a timely manner, reasonably control positions and invest rationally.
In joint-stock banks,China Merchants Bank、Ping An Bank、Industrial BankThe opening of new trading accounts for personal precious metals trading will also be suspended.
November 27,China Merchants BankThe “Notice on Suspension of New Trading Accounts for Retail Precious Metals Trading” was also issued. Recently, affected by changes in the global political and economic situation, the price risk and liquidity risk in the precious metal market have intensified, the market risk and uncertainty have increased significantly, and the investment transaction risk of personal precious metal trading businesses has increased. In order to prevent business risks and protect the rights and interests of investors, since November 28, all channels of China Merchants Bank (including counters, mobile banking, online banking, and China Merchants Bank Huijin App, etc.) will be suspended from two-way paper gold and silver, firm paper gold and silver, and Zhao New customers of the financial business (as an agent of the Shanghai Gold Exchange business) apply for opening a trading account, and the normal trading of customers who have opened an account will not be affected. Investors are requested to make trading arrangements, reasonably control their positions, and improve risk prevention awareness.
Same day,Ping An BankIssued the “Notice on the Suspension of Account Opening of Our Bank’s Precious Metals Business” to further strengthen the risk management of the precious metal business and provide moreQuality service, It is proposed to optimize and upgrade the precious metal agent business system. The system will suspend the new account opening function of the business after the market closes on December 1.StockCustomer business processing will not be affected temporarily.
Industrial BankIt also issued the “Announcement on Controlling the Risks in the Precious Metal Trading Market, Suspending the Account Opening of Precious Metals and Agent Precious Metal Trading Business for Individual Customers”. Affected by the global epidemic and financial market conditions at home and abroad, the price of precious metals continues to fluctuate significantly. Starting from November 28, the agent precious metal trading business and account precious metal business (Fumanjin-account investment) have suspended accepting new contract services for individual customers, and transactions by contracted customers are normally accepted.
Why is the account opening of precious metals trading business suspended? what is the reason?
Why do multiple banks “act together” on the same day?In summary, the reasons given by banks for suspending the opening of relevant accounts for new customers are related to the impact of the international political and economic situation and the new crown epidemic, the volatility of precious metal market prices, and the increased risk of investment transactions. For example, China Merchants Bank stated that recently affected by changes in the global political and economic situation, the price risk and liquidity risk in the precious metal market have intensified, the market risk and uncertainty have increased significantly, and the investment transaction risk of personal precious metal trading businesses has increased. Many banks also reminded that investors should enhance their awareness of risk prevention, reasonably control their positions, and invest rationally.
Gold is a safe-haven investment product.
Since the beginning of this year, due to the epidemic and other factors, the price of gold has shown a rapid rise, reaching a maximum of US$2075 per ounce in August. But then it fluctuated and fell.
Recently, gold prices have fluctuated greatly. November 25th, COMEX gold futuresMain forceThe contract price was about US$1807.06/ounce, which was the lowest point in the past 4 months at US$1797.1/ounce. On November 26, gold prices rebounded, spot gold closed at US$1810.57 per ounce, and US gold futures rose 0.2% to US$1808.5 per ounce.
On November 27, the Bank of China website published a gold market analysis stating that the last trading day coincided with Thanksgiving, the market was lightly traded, and the price of gold barely fluctuated and remained above 1,800.
He pointed out that the recent trend of gold is closely related to the loose policies of central banks around the world. This is a double-edged sword.Global stock marketEspecially the U.S. stock market, which is at a high level, has promoted the asset bubble. If the epidemic is alleviated, it will be when the bubble bursts.Therefore, the price of gold is still likely to rise, but this possibility is extremely low, unless the availability of vaccines is blocked or the number of confirmed cases rises sharply. It can be seen that from a fundamental point of view, the possibility of falling gold prices is greater than rising.
According to CCTV Finance, Shenyin Wanguo Securities Research InstituteProductthe studySupervisorXu Ruoxu said:Especially when investing in futures products, due to some leverage, short-term fluctuations can easily cause investors to bring relatively largeLoss.In the case of relatively rapid short-term gains, we have made some investment restrictions on related investment products. We think it is actually very necessary to prevent risks.。
(Source: 21st Century Business Herald)
(Editor in charge: DF512)
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