According to relevant information, the suspension of paper gold account opening may not be resumed. As for when the business can be restarted, several bank customer service staff said that the specific restart time has not been clear, and it is necessary to wait for follow-up notice. Some insiders believe that it is also in line with the regulatory policy orientation for banks to suspend the opening of new accounts for personal precious metals business, and the business may not be restarted in the future. Since June 27th, 165438+ banks started to suspend precious metal account opening transactions, up to now, 17 banks have announced to suspend new precious metal account opening business, mainly involving precious metal account business and personal precious metal trading business of Shanghai Gold Exchange. Specifically, the account precious metal business, also known as "paper gold, paper silver", focuses on tracking the international precious metal market and basically adopts the full trading mode without leverage. Personal precious metal business of Shanghai Gold Exchange includes precious metal spot and precious metal spot extension (namely "precious metal T+D"), which is a kind of leveraged margin trading. At present, there are only two exchanges in China that can legally trade precious metals, namely Shanghai Gold Exchange (hereinafter referred to as "Shanghai Gold Exchange") and Shanghai Futures Exchange (hereinafter referred to as "Shanghai Futures Exchange"). Among them, financial members (mainly commercial banks) of Shanghai Gold Exchange can carry out trading agency business for individual investors, and comprehensive members can carry out self-operated and agency business for corporate customers. Generally speaking, in the short term, the suspension of precious metal trading by banks does bring some difficulties to the development of the domestic gold industry, but in the medium and long term, it will play a more active and effective role in improving the domestic gold trading rules, improving the investor protection mechanism and standardizing the service system of industry institutions.