ICBC to shut down personal bidding on SGE in July; multiple banks to clear existing holdings this year
June 24, Industrial and Commercial Bank of China issued an announcement stating that, starting from the end-of-day settlement on July 24, 2026, it will suspend agency Shanghai Gold Exchange individual precious metals bidding transactions (including spot and deferred delivery contracts). The affected varieties include Au99.99, Au100g, Au99.95, PGC30g,