Shanghai Pudong Development Bank: Will Suspend Acting as Agent for Shanghai Stock Exchange Individual Precious Metals Business After September 25

On September 8, Shanghai Pudong Development Bank issued an announcement stating that, based on precious metal risk management and business needs, the bank intends to adjust its agency personal precious metals business for the Shanghai Gold Exchange. Shanghai Pudong Development Bank indicated that it will cease its agency personal precious metals business for the Shanghai Gold Exchange at an appropriate time after September 25, 2026, and will close the trading permissions for this service via mobile banking, online banking, and branch counters. After closure, clients’ permissions for operations such as closing positions, selling, and physical delivery will be restricted. The bank reminded clients that, to protect their interests, they are advised to sell, close, or take delivery of their holdings in the various contracts through mobile banking, online banking, or branch counters before September 25, 2026. (Shanghai Pudong Development Bank)