Recently, SPD Bank issued an announcement stating that the bank plans to make adjustments to the personal precious metals business acting on behalf of the Shanghai Gold Exchange. It will stop this business at any time after September 25, and close the trading rights of channels such as mobile banking, online banking, and branch counters. This is not an exception. Since this year, a number of banks have announced adjustments to their personal precious metals agency business. Some bank sources revealed that banks charge more processing fees for personal precious metals services acting as agents of the Shanghai Stock Exchange. If the market fluctuates drastically, banks may face credit risk of customers closing their positions.

Recently, SPD Bank issued an announcement stating that the bank plans to make adjustments to the personal precious metals business acting on behalf of the Shanghai Gold Exchange. It will stop this business at any time after September 25, and close the trading rights of channels such as mobile banking, online banking, and branch counters. This is not an exception. Since this year, a number of banks have announced adjustments to their personal precious metals agency business. Some bank sources revealed that banks charge more processing fees for personal precious metals services acting as agents of the Shanghai Stock Exchange. If the market fluctuates drastically, banks may face credit risk of customers closing their positions.