July twenty _ seventhChina Merchants BankThere are five notices in total: circular on the Adjustment of individual Foreign Exchange options Business, Circular on closing the telephone Banking Channel of firm Paper Gold Paper Silver and Real offer Foreign Exchange Trading Business, Circular on adjusting individual two-way Foreign Exchange Trading Business, Circular on Adjustment of Wealth Fund Business, Circular on Adjustment of personal Paper Precious Metals two-way Trading Business and Real offer Paper Gold Paper Silver Trading Business.

The announcement shows that it will adjust its paper precious metal two-way trading business and firm paper gold paper and silver trading business, and from August 11, 2021, it will gradually close down the telephone banking channels of firm paper gold paper and silver paper and foreign exchange trading business.

In addition, with regard to individual foreign exchange options business, the sale of new products will be suspended from now on, and the trading and maturity settlement of sold products will not be affected. After all the existing products expire, they will no longer be open to individual customers, and the signed customer product agreement will be terminated.

China Merchants Bank said that in view of the greater risks in the precious metals market and foreign exchange market, it will further strictly restrict the above-mentioned personal precious metals business and account foreign exchange business in the future. At the same time, customers with existing positions should do a good job in position management and timely reduce the balance of positions. (edited by Xu Yaling, an intern from AI / Lu Jia / tr. by Phil Newell)