Lates News

The Shenzhen Local Financial Regulatory Bureau has issued a public reminder to further regulate the operating behaviors of the gold market. Companies are not allowed to engage in illegal gold trading activities such as gold price booking, leverage trading, deferred trading, etc., through internet platforms such as WeChat groups, mini programs, apps, websites, etc., under the guise of gold recovery and price booking, allowing customers to pay a certain amount of margin to lock in a certain weight of gold price and settle according to the price difference along with the fluctuation of gold price, allowing closing without actually carrying out physical delivery of gold. It is not allowed to engage in illegal fund-raising activities under the guise of gold custody, leasing, repurchase, etc., promising customers fixed income returns and "principal and interest repayment". (Shenzhen Local Financial Regulatory Bureau)