EUR/USD
1.18661
-0.035%
Gold
4976.74
1.118%
Oil
62.666
-0.129%
USD/JPY
153.198
0.304%
GBP/USD
1.36156
-0.046%
GBP/JPY
208.592
0.268%
Real-time News
On February 13th, the Shenzhen Municipal Financial Regulatory Bureau issued a public notice further regulating the operation of the gold market. Enterprises are prohibited from falsely claiming to be "members of the Shanghai Gold Exchange" or from making false or misleading commercial claims regarding product sales, thereby deceiving or misleading consumers or other businesses. The use of absolute terms such as "gold prices will skyrocket" or "make big money buying gold" is strictly prohibited, as is exaggerating product value or investment returns. The use of non-precious metals to impersonate pure gold or other precious materials is prohibited, as is adulteration or counterfeiting of products, selling inferior goods as superior ones, and adding extra charges or collecting fees not clearly stated on the price list.On February 13th, the Shenzhen Municipal Financial Regulatory Bureau issued a public notice further regulating the operation of the gold market. Enterprises are prohibited from engaging in illegal activities such as gold investment entrustment, including inducing consumers to purchase physical gold and then failing to take delivery of the gold in exchange for illegal investment activities. They are also prohibited from using internet live streaming or other channels to illegally promote or sell gold products, from conducting illegal gold trading activities through various software, apps, and mini-programs, from developing or selling illegal gold trading software, apps, or mini-programs, and from providing information services and technical support to illegal gold trading software, apps, or mini-programs.On February 13th, the State Tobacco Monopoly Administration issued a notice on implementing policies for the e-cigarette industry to further promote dynamic balance between supply and demand. The notice proposes promoting market supply and demand balance. It calls for coordinating the roles of an effective market and a proactive government, determining annual production scale within the approved capacity range as the annual production and sales target for enterprises, and effectively mitigating and preventing the risks of disorderly market competition. It emphasizes strict control over total production scale, adhering to differentiated policies, and reasonably determining production scale based on enterprise operating conditions. It mandates rigorous review of production scale adjustments and reasonable determination of adjustments to the production scale of e-cigarette-related manufacturers. The notice also emphasizes continuous strengthening of e-cigarette supervision, imposing strict restrictions on high-risk market entities, conducting key inspections and controls, and severely punishing illegal and irregular activities such as export repatriation, false customs declarations, and products failing to meet national standards and quality and safety requirements. E-cigarette-related manufacturers should fulfill their primary responsibilities, strengthen compliance capabilities, and submit supporting documents proving compliance with the laws, regulations, and regulatory requirements of the destination country (region) for exported products, promoting compliance across the entire export trade chain.On February 13th, the State Tobacco Monopoly Administration issued a notice on implementing policies for the e-cigarette industry to further promote a dynamic balance between supply and demand. The notice proposes strengthening the regulation of e-cigarette production capacity. It emphasizes adhering to a market-demand-oriented approach to promote supply-side structural reform in the e-cigarette industry, taking into account the equipment level, operating conditions, and industry trends of enterprises, and implementing approved production capacity management for e-cigarettes according to the principles of "fairness, openness, categorized policies, and steady and orderly progress." Production capacity will be reasonably determined based on the operating conditions of enterprises, and exceeding the approved capacity is strictly prohibited. Enterprises requiring adjustments must apply for re-approval of production capacity and complete the licensing procedures. For contract manufacturing, the commissioning party must operate within the approved production scale, and the contracting party must accept the commission within the approved production capacity and scale. E-cigarette manufacturers with low capacity utilization but still engaging in outsourced production will have their approved production capacity reduced based on their operating conditions.On February 13, the State Tobacco Monopoly Administration issued a notice on implementing policies for the e-cigarette industry and further promoting a dynamic balance between supply and demand. The notice stipulates that corporate investment behavior should be standardized. Strict adherence to the requirements of policies restricting e-cigarette industries is required; new projects are prohibited, and relocation and restoration projects must not increase production capacity. On-site technological upgrades (including the purchase of production equipment) should generally not increase production capacity. If an increase in production capacity is necessary, it must comply with e-cigarette industry policies, regulatory policies, and capacity management regulations; have a high capacity utilization rate; have genuine and continuously increasing market demand; and possess the necessary safety, hygiene, and environmental protection facilities, equipment, and technical conditions to support production and operation. It must also conform to the principles of intelligentization, greening, and integration, and strictly follow the procedures outlined in the "Detailed Rules for the Management of Fixed Asset Investment in E-cigarettes" (State Tobacco Monopoly Administration [2024] No. 104).
