On February 2, in response to the recent sharp fluctuations in precious metals prices, China Merchants Bank and Postal Savings Bank successively issued announcements to alert investors of potential risks.
The announcement from China Merchants Bank stated that, given the intensified volatility in domestic and international precious metals prices, the bank is making related adjustments to its "Fortune Gold" business to prevent market risks and protect investor rights.
Regarding the specific adjustments, the bank's announcement indicated that starting from the close and settlement on Monday, February 2, 2026, the margin ratios for contracts including Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12 will be raised from 60% to 70%, while the daily price fluctuation limits will remain unchanged at 15%.
Concurrently, starting from the close and settlement on Monday, February 2, 2026, the margin level for the Ag(T+D) contract will be increased from 60% to 70%. If a one-way market situation occurs for the Ag(T+D) contract on that Monday, then starting from the settlement time, the daily price fluctuation limit for the contract for the next trading day will be adjusted from 19% to 25%; if no one-way market occurs, the fluctuation limit for Ag(T+D) will remain unchanged.
It is reported that the "Fortune Gold" business is a core service offered by China Merchants Bank, acting as an agent for individual clients to participate in precious metals trading on the Shanghai Gold Exchange. It covers various trading varieties, including spot and deferred contracts, and operates on a matching transaction mechanism based on "price priority, time priority." Since its launch, it has primarily provided investors with channels for precious metals investment.
Meanwhile, Postal Savings Bank issued a "Prompt on Risk Prevention Regarding Precious Metals Price Volatility," stating that recent domestic and international precious metals market prices have been extremely volatile, with significant increases in uncertain factors. To protect the interests of clients involved in gold accumulation and physical precious metals businesses, the bank specifically reminds relevant customers to enhance their risk awareness. Based on a prudent assessment of their own financial situation and risk tolerance, customers are advised to invest rationally, allocate assets reasonably, avoid chasing rallies and selling in panic, closely monitor precious metals market trends, control position sizes, and guard against capital losses arising from price fluctuations in precious metals.
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