China Merchants Bank: "Zhaocai Gold" service will be suspended after July 27th

```htmlGolden Ten Data reported on June 26 that China Merchants Bank announced adjustments to its agency Shanghai Gold Exchange personal precious metals business (known as the "Zhaocai Gold" business) in accordance with precious metals risk management and business needs. The bank will discontinue the "Zhaocai Gold" business at an appropriate time after July 27, 2026, and will close transaction access to the agency Shanghai Gold Exchange personal precious metals business through channels such as mobile banking, online banking, and branch counters. After the closure, customers with positions will have restricted access to operations such as liquidation, selling, and delivery.```