ICBC Raises Margin Requirements for SGE Deferred Contracts for Individual Clients

Industrial and Commercial Bank of China (ICBC) said it will raise margin requirements for individual clients trading Shanghai Gold Exchange (SGE) deferred contracts, according to Jiemian News. Effective from end-of-day clearing on July 9, 2026, ICBC will increase the standard trading margin ratio for Au (T+D), mAu (T+D) and Ag (T+D) contracts to 190% from 140%, and raise the forced liquidation margin ratio to 170% from 120%. The bank warned the changes will directly affect clients’ margin account funding adequacy and said it may execute forced liquidations if accounts fall below required levels.