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Why doesn't ICBC do the London gold trading mode?
It's not that ICBC doesn't want to do this.

There are several main reasons,

First, domestic banks have introduced foreign exchange gold for four or five years.

Many domestic novices are the first to contact the bank's physical gold and foreign exchange gold wealth management products.

However, almost all inexperienced banking products are unwilling to do it, mainly because their fees are ridiculously high, and ICBC's daily income reaches tens of billions, which fixes its own thinking.

In China, the spread between European and American currencies is 13 points, while that of foreign formal platforms is generally 3 points.

Second, the main reason is that banks can't provide 24-hour technical support and services at present. Generally, foreign exchange gold transactions of domestic banks are not bought and sold at any time 24 hours, and generally close at five o'clock. Spot gold in London is traded 24 hours a day.

Finally, it is not impossible, such as futures. Five or six years ago, China only had stocks, and the threshold requirement for futures was 500,000 RMB. Almost everyone is allowed to do this now. We'd better choose a platform regulated in the UK. For example, you can apply for a simulation in the simulation column and try it yourself. Mainly to master skills and short-term and long-term skills, and discuss with each other where you don't understand others.