China and Taiwan News 中国和台湾新闻
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News from non-state media sources about China and Taiwan. 来自非国营来源关于中国和台湾的新闻。中英双语 Bilingual English and Chinese
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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
Forwarded from Health Ranger
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