Private Gold Trade: Sudden demise of major platform in Shenzhen highlights shadow markets risks

Cătălin Roșioru

The collapse of a gold trading platform triggered rare protests in China’s tech hub Shenzhen last month. The downfall of Jie Wo Rui highlights growing risks in shadow markets that have gained traction in China amid volatile global precious-metal prices. Here’s a look at what unfolded and what’s at stake.