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2026-02-13 16:58:40
[Shenzhen Prohibits Illegal Gold Pre-Price Trading] On February 13, ten departments, including the Shenzhen Municipal Financial Regulatory Bureau and the Shenzhen Branch of the People's Bank of China, jointly issued a "Public Notice on Further Regulating the Business Practices of the Gold Market," clearly defining compliance red lines from three dimensions: enterprises, individuals, and financial institutions. The notice targets industry irregularities such as illegal gold trading, fundraising fraud, and false advertising. The notice lists six prohibited behaviors for enterprises' gold business: 1. Strictly prohibit disguised futures trading. Enterprises are prohibited from collecting margins and settling price differences through WeChat groups, mini-programs, or apps under the guise of "locked-in prices" or "pre-price trading," without physical delivery. 2. Strictly prohibit illegal fundraising. Enterprises are prohibited from promising "principal and interest guarantees" under the guise of gold custody, leasing, or repurchase. 3. Strictly prohibit investment on behalf of clients. Enterprises are prohibited from inducing consumers to purchase gold but not take physical delivery, instead converting it into entrusted investment. 4. Strictly prohibit illegal online business operations. Enterprises are prohibited from illegally selling, developing, or providing technical support for illegal gold trading software through live streaming. 5. False advertising is strictly prohibited. It is forbidden to impersonate a "Shanghai Gold Exchange member" and to use absolute terms such as "gold prices will definitely rise sharply" or "buying gold is a sure way to make money." 6. Adulteration and price fraud are strictly prohibited. It is forbidden to pass off non-gold as gold, to sell inferior goods as superior ones, and to add extra charges or collect fees not clearly stated. Furthermore, the notice lists two prohibited behaviors in personal gold transactions: 1. Participation in illegal pre-sale transactions, illegal fundraising, and illegal entrusted investment is prohibited; 2. Developing or using illegal gold trading apps or mini-programs is prohibited, and providing technical support to related platforms is not allowed. (CCTV Finance)
