近日，中信证券股份有限公司获批成为伦敦金银市场协会（LBMA）正式会员，标志着公司在全球贵金属市场的资质、合规与专业能力获得国际标准认可，覆盖境内外、场内外、现货与衍生品的大宗商品与贵金属服务体系进一步完善，能够为客户提供更具深度与广度的全球贵金属综合解决方案。

LBMA正式会员是全球贵金属领域的重要资质，代表机构在资本实力、风控体系、交易治理、合规诚信、交割能力等方面，符合国际主流市场的相关标准与要求。本次获批成为正式会员后，中信证券将获得LBMA核心市场参与权、定价机制知情权、合格交割体系准入权，可直接参与伦敦本地贵金属（Loco London）现货交易、清算与交割生态，对接全球央行、大型投行、精炼厂、仓储与运输商等核心参与者，显著提升跨境流动性获取与价格风险管理能力。

中信证券长期深耕贵金属及大宗商品业务，具备境内外商品做市、场外衍生品、套期保值、产品设计等全链条服务能力。中信证券此前已与上海黄金交易所签署全面战略合作协议，此次加入LBMA将进一步巩固公司在贵金属及大宗商品领域的领先优势，以更高标准、更全资质、更广网络服务实体企业风险管理与全球资产配置需求。

未来，中信证券将持续以国际化、专业化、合规化理念，深度参与全球贵金属市场建设，推动中国金融机构在国际贵金属治理与标准体系中发挥更大作用，为客户创造长期稳健价值。

关于伦敦金银市场协会（LBMA）

伦敦金银市场协会

伦敦金银市场协会（London Bullion Market Association，简称LBMA）成立于1987年，是全球贵金属场外市场的权威自律组织与标准制定机构，总部位于伦敦，会员遍布全球约30个国家，覆盖采矿、精炼、交易、清算、仓储、运输、鉴定与金融服务全产业链。

LBMA核心职能包括制定并维护全球公认的合格交割（Good Delivery）标准，保障伦敦市场金条、银条品质与公信力；发布并实施《全球贵金属准则》，提升市场公平、高效与透明度；推动负责任采购体系建设，强化供应链合规与可持续性；运营LBMA黄金价格、白银价格等全球基准定价机制；提供交易数据、市场监管协调与行业治理服务，是全球央行、大型金融机构与产业集团参与贵金属市场的核心平台。

LBMA会员分为正式会员、做市会员与附属会员，其中正式会员可直接参与Loco London现货交易与清算，享有完整市场参与权与治理权。

CITIC Securities Co., Ltd. has been officially admitted as a Full Member of the London Bullion Market Association (LBMA), marking a major step forward in the firm’s global precious metals strategy.

Membership of LBMA reflects CITIC Securities’ commitment of best practice across its operations in the precious metals industry and its endorsement of LBMA Global Precious Metals Code, which sets out high standards for ethics, transparency, and responsible business practices.

As a LMBA full member, CITIC Securities gains direct access to the Loco London spot trading, clearing and settlement system, and participates in the global pricing mechanism of gold and silver. The firm will also benefit from enhanced connectivity with central banks, global financial institutions, refineries and key market participants worldwide.

The firm will further strengthen the capabilities in cross-border trading, risk management, asset allocation and market-making for precious metals, and support the long-term development of the precious metals market.

Building on its LBMA membership, CITIC Securities will continue to promote connectivity between domestic and international markets, support the internationalization of RMB-denominated precious metals businesses, and play a more active role in the governance of the global precious metals market.

About LBMA

LBMA

LBMA is an independent precious metals association. It advances rigorous standards in relation to the responsible and ethical sourcing of gold and silver entering the market.

It is committed to advancing the highest levels of leadership, integrity and transparency for the common good of the global precious metals industry by driving standards in responsible sourcing and trading practices, accrediting supply to the London Loco market and providing confidence to refiners, buyers, storers, traders, consumers and others operating in the global precious metals industry

LBMA accredits supply of precious metals by assessing the robustness and veracity of third-party assurances which are submitted in relation to refinery management systems, and in doing so supports the industry to meet acceptable standards.

A cornerstone of LBMA is its Responsible Sourcing Programme, which aims to promote international ethical standards among gold and silver refiners, an increasingly important issue in global trade. The Programme supports the drive for sustainable and responsible business practices to protect the value of gold.

LBMA memberships are divided into Full Membership, Market-Making Membership, and Affiliate Membership. Full Members can directly participate in Loco London bullion trading and clearing, enjoying full market participation and governance rights.

(中信证券 动态宝)