After ICBC and CCB, China Merchants Bank also announced the tightening of valuable metal business. What signals were released?

Recently, China Merchants Bank (600036.SH) issued an announcement saying that it will suspend personal paper precious metal trading business, personal two -way foreign exchange trading business, personal real paper gold and silver sales business, and "recruiting money" business.

↑ Picture according to IC Photo

The Red Star Capital Bureau noticed that before, many banks such as Industrial and Commercial Bank (601398.SH) and Construction Bank (601939.SH) issued an announcement to tighten the precious metal business.

On August 8th, Zeng Gang, director of the Research Office of the Financial Banking of the Chinese Academy of Social Sciences, analyzed the Red Star Capital Bureau that the bank's move was because the precious metal market fluctuated large and in order to protect the interests of investors; on the other hand, it was also based on relevant regulations. Strengthen the appropriate management of investors.

Many banks tighten valuable metal business

On August 6, China Merchants Bank issued the "Announcement on Adjusting Reasoning Accounts and other related businesses such as precious metals such as retail accounts". Sale business, personal real paper gold paper white silver sales business and "fortune -money" business. The above -mentioned business holders and spot inventory customers please choose to close their own positions by October 17, 2022.

The Red Star Capital Bureau has noticed that recently, similar announcements have been released, industrial and commercial banks, Construction Bank, and CITIC Bank (601998.SH).

In addition to accounting precious metals, since this year, ICBC, Construction Bank, Xingye Bank (601166.SH), Huaxia Bank (600015.SH), Everbright Bank (601818.SH) and other banks have all paid for the personal precious metal transaction of the Shanghai Gold Exchange's personal precious metal transaction on the Shanghai Gold Exchange. The business is tightened. Specific measures include raising the proportion of transaction margin, suspending or closing the buying of openings, and unreasonable contracting customers without trading customers.

On July 15th, ICBC issued the "Notice on the suspension of account gold and the opening of the account of the account of the account of the account" on the official website stated that in order to follow the changes in the market situation, starting from 8:00 on August 15, 2022, Beijing time, the bank will suspend the suspension of the bank. Account gold and account silver business opening transactions. Customers that have been set up and have not been sold will automatically fail, and the liquidation transaction of holding customers will not be affected.

According to Industry and Commercial Bank of China, considering that the international commodity market has a large uncertainty, for customers with a balance of positions, it is recommended to carefully control the scale of positions and pay attention to preventing and controlling their own risks.

On July 18th, Construction Bank also announced that starting from 7:00 on August 15, 2022, Beijing time, the account of gold, silver buying, conversion transactions and fixed investment plans for precious metal business; The two -way trading business gold and silver short -opening transactions; the established account gold, account silver, and account platinum fixed investment plan will be terminated automatically. Customers' corresponding positions, short positioning and valid commissioning orders before the transaction are not affected.

Public information shows that the gradual withdrawal of commercial banks' personal precious metal business is an overall measure made in accordance with the requirements of the regulatory authorities. The overall idea of ​​clearing retirement is basically: suspend new customers -increase transaction threshold and risk assessment standards -suspension of new open positions -closing the qualified customer account with qualified campaign -compressing customer volume and transaction volume -a small amount of stock customers ——The completely suspend this business.

Expert: Bank needs to strengthen investor appropriateness management

What signals have many banks tightening precious metal business?

On August 8th, Zeng Gang, director of the Research Office of the Financial Banking of the Chinese Academy of Social Sciences, analyzed the Red Star Capital Bureau that relatively speaking, the precious metal trading business is a high -risk bank product. The market price fluctuates relatively large. There are some leveraged transactions, so it will inevitably have an investor's appropriateness.

Zeng Gang believes that since this year, many banks have tightened your precious metal business, mainly with two main reasons: on the one hand, due to the influence of the global financial market, the precious metal market fluctuates greatly, which may have a great impact on investors. In order to protect the interests of investors, banks make relevant business adjustments; on the other hand, in accordance with relevant provisions of the CBRC, the commercial bank needs to manage the appropriateness of investors, and it may be further strengthened and regulated.

Talking about the influence of tightening the business of precious metal business, it has just believed that tightening or relaxation has not actually brought incremental risks to banks. It mainly increases customer access standards and protects customers' investment benefits.

However, Zeng Gang believes that the current suspension of precious metal transactions does not mean that all related businesses should be terminated, and future investors may be managed according to the real risk status of the product. "Products with higher risks should have stronger access, and talents with considerable risk tolerance can be traded for product transactions. Especially when the market fluctuates, it is necessary to do a good job of investment appropriate management."

Red Star News reporter Yu Yao Xie Yutong

Edit Pengjiang Editor Ren Zhijiang

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