🚀 PRECIOUS METALS | Shenzhen Tightens Regulations on Gold Transactions Amid Market Concerns
#PreciousMetals #ShenzhenRegulations #GoldTransactions #IllegalTrading #MarketConcerns #LeveragedTrading #PriceReservation #DeferredTransactions #FinancialSecurity #ShuibeiMarket #RegulatoryChanges
Shenzhen's local regulatory authorities have issued warnings against illegal gold trading activities, including price reservation, leveraged trading, and deferred transactions. According to Jin10, recent visits to the Shuibei market in Shenzhen revealed changes in transaction practices following several incidents of business closures and regulatory advisories. Previously, merchants could secure the price of one kilogram of gold with a minimum payment of 10,000 yuan. However, current transactions require full payment on-site, with immediate collection of the gold material. Merchants now prioritize financial security over convenience in dealings with consumers. Experts suggest that non-physical transactions may be classified as violations.#PreciousMetals #ShenzhenRegulations #GoldTransactions #IllegalTrading #MarketConcerns #LeveragedTrading #PriceReservation #DeferredTransactions #FinancialSecurity #ShuibeiMarket #RegulatoryChanges