CSRC Wu Qing: Progress in shutting down Golden Exchange and fake Golden Exchange is significant.

On September 22, when introducing the achievements of the financial industry development during the "14th Five-Year Plan" period, Wu Qing, Chairman of the China Securities Regulatory Commission, stated at a press conference at the State Council Information Office that since the "14th Five-Year Plan" period, key risks in certain areas have been steadily converging, progress has been made in closing down illegal precious metal exchanges and fake precious metal exchanges, and the qualifications for all 27 precious metal exchanges that should be closed have been revoked. Hundreds of fake precious metal exchanges that were identified have also been confirmed and shut down.