#Newspaper
Several Chinese banks paused processing applications for personal precious metal investment accounts, due to the international fluctuating price
(27 Nov) Numerous middle and large scale commercial banks in mainland China have announced the pause of processing new investment account applications for trading precious metal such as gold and silver, as the market price is subject to recent international politics environment and Covid-19 pandemic, and is experiencing an extreme fluctuation, enlarging the risks of trading and investing.
The Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank and the Agricultural Bank of China indicated that they will pause opening new personal bank accounts and gold and silver accounts for investment, while the existing accounts are not affected by the arrangement. For other banks such as the Bank of Communication, the China Merchants Bank and the Industrial Bank, they also have similar arrangements.
Source: Radio Television Hong Kong
Translated by: Hong Kong Echo
#ChinaBanks #Pause #NewAccount #Investment #Gold #Silver
Several Chinese banks paused processing applications for personal precious metal investment accounts, due to the international fluctuating price
(27 Nov) Numerous middle and large scale commercial banks in mainland China have announced the pause of processing new investment account applications for trading precious metal such as gold and silver, as the market price is subject to recent international politics environment and Covid-19 pandemic, and is experiencing an extreme fluctuation, enlarging the risks of trading and investing.
The Bank of China, the Industrial and Commercial Bank of China, the China Construction Bank and the Agricultural Bank of China indicated that they will pause opening new personal bank accounts and gold and silver accounts for investment, while the existing accounts are not affected by the arrangement. For other banks such as the Bank of Communication, the China Merchants Bank and the Industrial Bank, they also have similar arrangements.
Source: Radio Television Hong Kong
Translated by: Hong Kong Echo
#ChinaBanks #Pause #NewAccount #Investment #Gold #Silver
news.rthk.hk
多家內銀暫停個人貴金屬交易開戶 因國際金銀價格波動
內地多家大中型商業銀行先後公布，暫停個人黃金、白銀等貴金屬交易業務新客戶開立交易帳戶，因為近期受國際政治經濟形勢，以及新型肺炎疫情等影響，貴金屬市場價格劇烈波動，投資交易風險加大。 中國銀行、工商銀行、建設銀行、農業銀行表示，暫停各渠道的個人帳戶黃金、帳戶白銀業務新客戶開立交易帳戶，已開戶客戶的正常交易則不受影響。 交通銀行、招商銀行及興業銀行，亦有類似安排。