PRECIOUS METALS | China Merchants Bank Raises Margin Call Ratio to 120% for Zhaocaijin Precious Metals Contracts

China Merchants Bank said it will adjust the margin call ratio for certain contracts under its “Zhaocaijin” business to 120%, citing heightened volatility in domestic and overseas precious metals prices. According to Jin10, the bank said the change is intended to help prevent market risks and protect investors. The bank said the adjustment will take effect from the close-of-day settlement on Tuesday, June 16, 2026. Contracts covered include Ag(T+D), Au(T+D), mAu(T+D), Au(T+N1), Au(T+N2), NYAuTN06, and NYAuTN12. The bank also urged investors to strengthen risk management, control position sizes prudently, and invest rationally.