SPD Bank to Wind Down Personal Precious Metals Agency Business After Sept 25, 2026
Shanghai Pudong Development Bank announced it will cease its agency business for personal precious metals trading on the Shanghai Gold Exchange after September 25, 2026, and will close related trading access via mobile banking, online banking, and branch counters. Existing clients must close or liquidate positions or take delivery before that date, as post-closure operations will be restricted.
Shanghai Pudong Development Bank (SPD Bank) has announced that it will suspend its agency business for personal precious metals trading on the Shanghai Gold Exchange at a time to be determined after September 25, 2026. The bank will also close trading permissions for this business across mobile banking, online banking, and branch counter channels.
Following the closure, clients holding positions will face restrictions on operations such as closing positions, selling, and taking delivery. The bank advised existing clients to sell, close, or take delivery of their various contracts through mobile banking, online banking, or branch counters before September 25, 2026.