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What is the physical precious metal of BOC?
Consignment of physical precious metals means that after China Bank signs an agreement with the physical precious metals cooperative manufacturers (hereinafter referred to as "precious metals manufacturers"), the precious metals manufacturers first supply the goods to China Bank, and retain the ownership of the goods. The bank sells the products with reference to the suggested retail price of the precious metal manufacturer, and regularly settles the sold products with the precious metal manufacturer according to the supply price agreed in the agreement. At the end of the sales period, unsold products are returned to precious metal manufacturers.
(Answer time: August 2023 15)
The above contents are for your reference. Please refer to the actual business regulations.
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