5 thoughts on “Industrial and Commercial Bank of China suspended the account of the account of the account of the account. What happened behind it?”
Kristina
There are mainly the following reasons. One is to protect the interests of investors; the other is that the gold market is strenuous and risks. The recent announcement of the official website of the ICBC, in accordance with the relevant provisions of the "Bank of China Account Express Metal Trading Agreement" and the "Rules of Industrial and Commercial Bank of China Precious Metal Trading Rules", decided The opening order will be invalidated automatically, and the liquidation transaction of holding customers will not be affected. This is a decision made by ICBC to conform to the current situation of the gold trading market. ICBC does not allow customers to conduct gold transactions, which shows that the current market risk is relatively large, and it is easy to cause customers' funds. In order to protect the interests of investors, ICBC decided to suspend gold transactions. After all, paper gold is not a physical gold, but the virtual gold that investors buy and sell on the book on the book offer by investors will not occur and settle in real gold. In the case of banks' unable to control risks, taking this measure is mainly to remind investors to blindly copy the bottom, reduce investors' losses, and protect investors' interests. Recently, the gold market has continued to fluctuate violently, and the risks are very high. Mainly, in order to deal with higher inflation in China, the continuous interest rate hikes have caused the price of commodities around the world. The paper gold market has a violent shock. Due to the continuous increase in expansion, the United States is likely to continue to raise interest rates, and the price of paper gold will continue to fall. In this case, ICBC was worried that the risk of unable to control the gold market had to adopt a decision to suspend transactions. Mo many investors are very surprised by this decision of ICBC and puzzled their behavior. Maybe they cannot predict the changes and risks of the gold market. After all, they are in different positions and different angles and depths of the problem. As a large state -owned commercial bank in China, ICBC is still very accurate to judge the market. It will not harm the interests of customers, and will only protect the interests of investors as much as possible.
At the end of last year, the regulatory authorities drafted the guidance on the standardized development of derivatives business. At the same time, it also stipulated that banks and insurance institutions must not directly conduct derivatives transactions with individual customers through counter, including the business of precious metals and agency Shanghai Stock Exchange's precious metals. The supervision of products, banks' shrinkage of precious metal business is also the implementation of guidance; in addition, this year's global international commodity prices have fluctuated, and market risks have increased significantly. At this time, suspension is also a control of risks. In addition to ICBC, banks such as CCB, Huaxia, and Industrial also tightened precious metal business. Individual investors can choose futures platforms to engage in precious metals such as gold and silver.
The suspension of opening a position is also considered a self -protection measure made by the bank to avoid the masses from copying and losing to find a bank to make trouble. And it is just a suspension of open positions, your positioning and liquidation operations are not affected. At this time, ICBC's exit is obviously beneficial to both and customers.
There are mainly the following reasons. One is to protect the interests of investors; the other is that the gold market is strenuous and risks.
The recent announcement of the official website of the ICBC, in accordance with the relevant provisions of the "Bank of China Account Express Metal Trading Agreement" and the "Rules of Industrial and Commercial Bank of China Precious Metal Trading Rules", decided The opening order will be invalidated automatically, and the liquidation transaction of holding customers will not be affected. This is a decision made by ICBC to conform to the current situation of the gold trading market. ICBC does not allow customers to conduct gold transactions, which shows that the current market risk is relatively large, and it is easy to cause customers' funds.
In order to protect the interests of investors, ICBC decided to suspend gold transactions. After all, paper gold is not a physical gold, but the virtual gold that investors buy and sell on the book on the book offer by investors will not occur and settle in real gold. In the case of banks' unable to control risks, taking this measure is mainly to remind investors to blindly copy the bottom, reduce investors' losses, and protect investors' interests. Recently, the gold market has continued to fluctuate violently, and the risks are very high. Mainly, in order to deal with higher inflation in China, the continuous interest rate hikes have caused the price of commodities around the world. The paper gold market has a violent shock. Due to the continuous increase in expansion, the United States is likely to continue to raise interest rates, and the price of paper gold will continue to fall. In this case, ICBC was worried that the risk of unable to control the gold market had to adopt a decision to suspend transactions.
Mo many investors are very surprised by this decision of ICBC and puzzled their behavior. Maybe they cannot predict the changes and risks of the gold market. After all, they are in different positions and different angles and depths of the problem. As a large state -owned commercial bank in China, ICBC is still very accurate to judge the market. It will not harm the interests of customers, and will only protect the interests of investors as much as possible.
At the end of last year, the regulatory authorities drafted the guidance on the standardized development of derivatives business. At the same time, it also stipulated that banks and insurance institutions must not directly conduct derivatives transactions with individual customers through counter, including the business of precious metals and agency Shanghai Stock Exchange's precious metals. The supervision of products, banks' shrinkage of precious metal business is also the implementation of guidance; in addition, this year's global international commodity prices have fluctuated, and market risks have increased significantly. At this time, suspension is also a control of risks.
In addition to ICBC, banks such as CCB, Huaxia, and Industrial also tightened precious metal business. Individual investors can choose futures platforms to engage in precious metals such as gold and silver.
Since ICBC recently received too many golden business opening transactions, in order to check these businesses, the transaction site was suspended.
Their fund reserves are confidential ICBC, and they have the responsibility to protect their transaction records and security.
The suspension of opening a position is also considered a self -protection measure made by the bank to avoid the masses from copying and losing to find a bank to make trouble. And it is just a suspension of open positions, your positioning and liquidation operations are not affected. At this time, ICBC's exit is obviously beneficial to both and customers.