Industrial and Commercial Bank of China: Cease acting as an agent for individual precious metals bidding transactions at the Shanghai Gold Exchange.
Industrial and Commercial Bank of China announcement: Starting from the end of the day on July 24, 2026, our bank will no longer handle individual precious metal bid transactions on behalf of the Shanghai Gold Exchange. The contract types involved include Au99.99, Au100g, Au99.95, PGC30g, Au, mAu, Ag, Au, and others. After the completion of the end-of-day settlement on July 24, 2026, our bank will choose to close the trading authorization for individual bid transactions through channels such as mobile banking, online banking, and branch counters. After the closure, clients' ability to close positions, sell, and withdraw gold will be restricted.
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