2026-07-10 04:51
Economic Observation Network Industrial and Commercial Bank of China (ICBC) has announced adjustments to the rules related to precious metal business, completed the redemption of subordinated bonds, and the Dubai branch has completed the issuance and listing of medium-term notes.
Recent events:
On July 8th, it was announced that starting from July 9th, the margin ratio for representing individual clients' gold and silver T+D contracts will be increased from 140% to 190%
Event impact:
This move significantly reduces trading leverage, aiming to control customer speculative risks, and also reflects the bank's cautious attitude towards the intensified volatility in the precious metal market. At the same time, ICBC will close its authorization to act as an agent for individual precious metal bidding trading business on July 24th
Financial situation:
Fully redeemed 38 billion yuan of subordinated bonds issued in 2011 on June 30th
Business progress:
Its Dubai branch issued RMB 2.8 billion medium-term notes in late June and listed on the Hong Kong Stock Exchange
The above content is based on publicly available information and does not constitute investment advice.
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