
Shenzhen Moves to Crush Shadow Gold Trading: Crackdown Targets Preâsetâprice, Leveraged and AppâBased Schemes
Shenzhen's financial regulator, with nine other municipal bodies, has banned a suite of offâexchange gold trading practices â including preâset price reservations, leveraged and deferred trades and appâbased schemes â and ordered firms, individuals and payment providers to stop or regularise such activities. The directive cites multiple national laws and warns of criminal referrals for violations, signaling a broader clampdown on informal, technologyâenabled retail financial products.


















