The Shanghai Gold Exchange: Be prepared to work on market risk control during Labor Day.

On April 25, the Shanghai Gold Exchange issued a notice stating that the market will be closed from May 1 to May 5, and will resume normal trading on May 6. There will be no night market trading on April 30. In order to prevent fluctuations in the prices of gold and silver in the international market during the holiday period, the Shanghai Gold Exchange has adjusted the margin ratios and upper and lower price limits of certain contracts in accordance with the relevant provisions of the "Shanghai Gold Exchange Risk Control Management Measures". Starting from the closing settlement on April 29, the margin ratios for contracts such as Au, mAu, AuNYAuTN06, and NYAuTN12 will be adjusted from 13% to 15%, and the upper and lower price limits will be adjusted from 12% to 14%. The margin ratio for Ag contracts will be adjusted from 16% to 18%, and the upper and lower price limits will be adjusted from 15% to 17%. The margin for CAu99.99 contracts per lot will be adjusted from 80,000 yuan to 85,000 yuan. In the event of a one-sided market on April 29, the margin and price limits adjusted based on the "Shanghai Gold Exchange Risk Control Management Measures" will be implemented if they are higher than the above standards. After trading resumes on May 6, the margin ratios for contracts such as Au, mAu, AuNYAuTN06, and NYAuTN12 will revert to 13%, and the upper and lower price limits will revert to 12% from the closing settlement of the first trading day without a one-sided market. The margin ratio for Ag contracts will revert to 16%, and the upper and lower price limits will revert to 15%. The margin for CAu99.99 contracts per lot will remain unchanged at 85,000 yuan. Members are reminded to increase risk awareness, develop detailed emergency plans, advise investors to take risk prevention measures, control positions reasonably, invest rationally, and ensure the stable and healthy operation of the market.