Shenzhen Gold and Jewelry Industry Association released an advocacy letter on standardizing the operation behavior of the gold industry.

The initiative proposes that all gold and jewelry enterprises must organize their employees to deeply study and strictly comply with the "Public Notice on Further Regulating the Operation of the Gold Market", ensure that their operations are legal and compliant, including strictly prohibiting illegal gold transactions without physical delivery, illegal fundraising in the name of gold business, and inducement of gold investment trusts. In addition, all gold and jewelry enterprises should strengthen self-discipline and risk control measures in their operations to prevent illegal and criminal activities. In February of this year, the People's Bank of China Shenzhen Branch and other departments jointly issued a public notice on further regulating the operation of the gold market, specifying prohibited behaviors in gold business for enterprises, individuals, financial institutions, and non-bank payment institutions.