---
title: "Chinese Banks to Halt Agency Services for SGE Retail Precious Metals Trading From July"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291601016.md"
description: "Major Chinese banks, including Bank of Communications, China Merchants Bank, and ICBC, will halt agency services for individual precious metals trading on the Shanghai Gold Exchange starting in July. This move aims to proactively manage risk by reducing exposure to speculative business, thereby minimizing potential client defaults and reputational damage during market volatility."
datetime: "2026-07-03T00:15:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291601016.md)
  - [en](https://longbridge.com/en/news/291601016.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291601016.md)
generator: "portal-rs"
---

# Chinese Banks to Halt Agency Services for SGE Retail Precious Metals Trading From July

Several Chinese banks, including Bank of Communications, China Merchants Bank and Industrial and Commercial Bank of China, have announced since June that they will stop providing agency services for individual precious metals trading on the Shanghai Gold Exchange starting in July, according to 36Kr. Industry sources said the move reflects banks' proactive risk management, aimed at shrinking higher-risk speculative business in advance to reduce the risk of client defaults and reputational damage during extreme market swings, while helping investors avoid losses from precious metals price volatility.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**