Bank of China, Industrial and Commercial Bank of China, China Construction Bank, China Minsheng Bank, issue risk warnings

In recent times, prices of precious metals have fluctuated dramatically. Many banks, including the Industrial and Commercial Bank of China, the Bank of China, the China Construction Bank, and China Minsheng Bank, have issued risk-warning announcements for the precious metals market.

The announcement said that recent fluctuations in precious metals prices at home and abroad have further intensified. It is recommended that customers enhance their risk-prevention awareness, make rational investments based on their own financial conditions and risk tolerance, and reasonably control their positions.

Bank of China: It reminds investors to take steps to guard against market risks, carry out rational investments based on their own financial conditions and risk tolerance, reasonably control their precious-metals positions, and reduce the impact of short-term price fluctuations through long-term investing, thereby preventing the risk of capital losses caused by market volatility.

Industrial and Commercial Bank of China: It reminds investors to stay calm and rational, fully assess their own risk tolerance, and avoid blindly chasing prices or panicking into selling driven by short-term market sentiment. From a long-term asset allocation perspective, it recommends that investors adhere to the principles of “total amount control, entering in batches, and diversified allocation,” smooth out the risk of short-term price fluctuations by extending the investment horizon, and build a more stable asset portfolio.

China Construction Bank: It reminds investors to improve their risk-prevention awareness regarding precious-metals business, make rational and steady investments based on their own financial conditions and risk tolerance, allocate precious metals in a balanced and appropriate manner, reasonably control their positions, and avoid following the crowd blindly. In addition, please promptly monitor your holdings and changes in your margin balance to guard against risks in the precious-metals market.

China Minsheng Bank: It recommends that investors pay attention to market risks, enhance their risk-prevention awareness, reasonably control their positions based on their financial conditions and risk tolerance, and invest rationally.

Tian Lihui, a professor of finance at Nankai University, analyzes that the current volatility in the precious-metals market has already gone beyond the scope of normal pullbacks, entering an abnormal stage characterized by high intensity and high uncertainty. Ordinary investors are better suited to make long-term allocations through unleveraged methods such as accumulating gold and gold ETFs.

Source of content: CCTV News

Edited by: Yang Qiyue Zhu Hao

Proofread by: Gu Minyi

Responsible editor: Xu Qin

Massive information and precise interpretation—available in the Sina Finance app