Investigating Shenzhen Shuibei's Pre-priced Gold Trading: Multiple Pre-priced Gold Trading Platforms Can No Longer Withdraw Funds

With a minimum order of 1 gram and only a deposit of 20 yuan, one can leverage nearly a thousand yuan worth of gold. Recently, the Shenzhen Gold Jewelry Industry Association officially issued an industry warning letter, revealing that three gold jewelry companies in Shenzhen Shui Bei were investigated for suspected illegal gambling operations, bringing to light the chaos in this gold trading market. Journalists visited Shenzhen Shui Bei and learned from several victims from other regions that currently, multiple gold trading platforms are unable to withdraw cash or physical gold bars normally, and some platforms have even been forcibly shut down. Industry insiders indicated that some material suppliers intentionally lowered the margin in transactions to gain competitiveness, leading to the emergence of gold trading platforms similar to futures trading. Some lawyers also stated that these gold trading platforms attempt to evade financial regulatory oversight by packaging their operations as physical transactions