Chinese officials clamp down on speculative metal trading

Chinese officials are seeking to clamp down on speculation in metals trading on fears that investor anger in the wake of any financial collapse would stoke discontent with the government, according to an article published by The Nikkei. 

Key points

Industrial and Commercial Bank of China, a major state-owned lender, notified customers at the end of July that it would cease setting up new accounts for financial products linked to platinum and palladium prices.

Other banks have taken similar action.