Who is the counterparty of ICBC Paper Gold?
You don't even want to give it to others. Who will help you? You are so stingy! I'd better tell you: the paper gold of the bank is a kind of securities issued by the bank according to the relevant regulations of the CBRC and its own spot gold reserve. In fact, the original state of paper money is similar to that of paper gold contract. The object of your transaction is the bank, not other transaction objects like you. The purpose of issuing paper gold by banks is the same as that of issuing stocks by companies: to absorb idle social funds, expand their own capital, engage in greater investment, get higher returns and then pay dividends. So, you don't have to worry that the paper gold in your hand can't be sold, a treasure in troubled times! With the opening of ICBC's online banking, paper gold can be directly traded online. Now, except the paper gold trading of banks and the gold futures trading of Shanghai Stock Exchange are legal, any other so-called margin gold trading launched by gold companies belongs to underground gold trading and is not protected by law. The fraud case of Century Gold Company in 2008 is the best example. Icbc /icbc/perbank/index.jsp