Before the Spring Festival, local regulatory authorities in Shenzhen issued a reminder prohibiting illegal gold trading activities such as pre-priced gold trading, leveraged trading, and deferred trading.

Recently, after conducting on-site visits to the Shuibei market in Shenzhen, some merchants revealed that previously, ordering gold plates from upstream material suppliers required only 10,000 yuan to lock in the price of one kilogram of gold. However, after several incidents of merchants absconding in Shuibei and the issuance of related warnings by regulatory authorities, gold plate transactions are now conducted by paying the full amount on-site and taking away the gold material immediately. At the same time, gold merchants also require consumers to settle and transact orders in full payment. Some merchants bluntly stated that compared to convenience, the security of funds is more important! Experts have indicated that transactions without physical delivery may be classified as violations.