d. PBOC officials announced the halt effective Monday to mitigate risks from unsustainable premiums. Fund premium hit 60% amid retail frenzy on platforms like Xiaohongshu. [...]
China Curbs Silver Fund Subscriptions After 60% Premium Surge
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China suspended subscriptions to the UBS SDIC Silver Futures Fund LOF's Class C shares after its price surged over 60% above underlying silver futures value, driven by social media-fueled retail demand. PBOC officials announced the halt effective Monday to mitigate risks from unsustainable premiums. Fund premium hit 60% amid retail frenzy on platforms like Xiaohongshu. [...]