Vice President of Zhejiang Commercial Bank Jing Feng: The total precious metals trading volume in 2025 will be eight times larger than the previous year

(Source: Beijing Business Daily)

Beijing Business Daily News (Reporter Meng Fanxia, Zhou Yili) On March 31, at the Zhejiang Merchants Bank 2025 Annual Performance Briefing, the bank’s Party Committee Member and Vice President Jing Feng provided a detailed explanation of the development of precious metals business. He stated that after years of deep cultivation, Zhejiang Merchants Bank’s precious metals business has gradually formed an overall trading advantage with its own characteristics and brand moat.

Jing Feng introduced that, while maintaining an advantage in hedging trades, last year the bank introduced a quantitative factor model based on traditional fundamental and technical analysis to expand and strengthen directional trading. In 2025, the gold market showed a unilateral upward trend, and Zhejiang Merchants Bank firmly seized this hot market, with the total trading volume of precious metals increasing eightfold compared to 2024. Since the first quarter of 2026, market enthusiasm has continued.

Looking ahead to 2026, Jing Feng believes that the external environment will become more complex, with geopolitical conflicts intensifying global interest rate levels and asset price uncertainties. He said the bank will maintain a relatively cautious attitude and prepare corresponding contingency plans and response measures. Jing Feng candidly noted that the market volatility caused by the Middle East situation has become a “good stress test and a test of response capabilities.”

Jing Feng stated that in 2026, the bank will enhance the overall service capacity of its precious metals business from two dimensions. On one hand, deepen the core capabilities of proprietary trading to solidify profit growth mechanisms. “Our trading capabilities in the precious metals market are the underlying strength we rely on to attract traffic and convert customers through internet channels and provide specialized services,” he said. The bank will continue to improve the integrated investment research and trading system, enrich the proprietary strategy library, iterate the quantitative factor model, and enhance rapid market response capabilities to precisely capture structural opportunities.

On the other hand, optimize the ecosystem layout of agency client services to empower the bank’s customer management. Guided by customer needs, the bank will continuously enrich products such as stored gold, physical precious metals, metal leasing, and agency trading, promoting product feature iteration and system service capability upgrades. At the same time, focusing on the needs of the real economy, the bank will deepen the “one enterprise, one policy” service model to provide customized and comprehensive financial services for clients across the entire precious metals industry chain. Jing Feng gave an example: recently, the bank cooperated with a leading petrochemical enterprise, helping it resolve a specific type of spot delivery of certain precious metals through well-timed trades.

Jing Feng stated that as market volatility intensifies, there is a possibility of phased opportunities for gold and other individual metals in 2026. Zhejiang Merchants Bank will further leverage its years of accumulated trading capabilities in the precious metals field to enhance comprehensive services in specific areas, ensuring the business maintains a good growth trend.