Core Viewpoint - The recent suspension of gold-related services by major banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), is linked to new tax policies affecting the gold market, leading to significant fluctuations in gold prices and impacting retail businesses [3][4][15]. Group 1: Bank Operations - ICBC and CCB announced the suspension of certain gold investment services due to macroeconomic policy impacts and risk management requirements, with ICBC resuming operations within a day [3][5][11]. - The "Ruyi Gold" accumulation service by ICBC allows customers to accumulate gold and redeem it for cash or physical gold, while CCB's "Easy Storage Gold" service offers similar functionalities [13][11]. - Both banks indicated that existing customers' plans would not be affected, but new applications for certain services were temporarily halted [5][11]. Group 2: Tax Policy Impact - A new tax policy effective from November 1, 2025, exempts value-added tax (VAT) on standard gold transactions through designated exchanges until December 31, 2027, but imposes VAT on physical gold withdrawals, increasing investment costs [4][16]. - The policy aims to enhance the competitiveness of China's gold market and improve tax regulation precision, with expectations of a rise in retail prices for gold products due to increased procurement costs [4][15][22]. - Analysts predict that the new tax regulations will lead to a 7% increase in procurement costs for retailers, affecting pricing strategies across the gold jewelry sector [18][22]. Group 3: Market Reactions - Following the announcement of the new tax policy, gold prices surged significantly in the Shenzhen market, with prices rising from approximately 930 yuan per gram to over 996 yuan per gram within hours [21]. - Retailers, including Chow Tai Fook and others, have begun adjusting their prices in response to the increased costs associated with the new tax regulations [18][22]. - The market is currently in a state of uncertainty, with many retailers halting sales until further notice regarding pricing adjustments [21][22].

Core Viewpoint - Banks are temporarily suspending related businesses to avoid irrational market entry, with plans to resume once market volatility stabilizes [1] Group 1: Bank Actions - Industrial and Commercial Bank of China has announced the resumption of services related to the "Ruyi Jin" accumulation business, including account openings and withdrawals [1] - China Construction Bank and Minsheng Bank have also announced the suspension of certain accumulation gold services [1] Group 2: Market Analysis - Industry experts suggest that the combination of high international gold prices and adjustments in gold tax policies has led to a transitional period for the industry [1] - The suspension of related services by banks is seen as a measure to prevent irrational market entry and may involve optimizing product design and upgrading risk warning mechanisms [1]

Core Viewpoint - The recent fluctuations in gold prices have prompted several major banks in China to adjust their gold accumulation business, primarily due to macroeconomic policies, market volatility, and internal risk management requirements [1][2]. Group 1: Bank Adjustments - On November 3, both Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) announced the suspension of certain gold accumulation services, effective immediately [2]. - ICBC's announcement included the suspension of new account openings, active accumulation, and new fixed accumulation plans for its "Ruyi Gold" service, while existing plans remain unaffected [2]. - CCB similarly suspended real-time purchases and exchanges for its "Easy Gold" service, while existing plans and redemptions will continue as normal [2][4]. Group 2: Market Context - Since October, multiple banks have adjusted their gold accumulation services, primarily by increasing the minimum purchase amounts or adopting a "floating price" model based on gold prices [3][4]. - For instance, on October 21, both Industrial Bank and Ping An Bank raised their minimum investment amounts for gold accumulation plans due to significant fluctuations in domestic gold prices [3]. - As of November 3, the London spot gold price was reported at $4016.805 per ounce, having increased over 53% year-to-date, with a peak of $4381 per ounce earlier in the year [4]. Group 3: Risk Management and Investor Education - The adjustments made by banks reflect a cautious approach to risk management in light of the volatile gold market, aligning with regulatory compliance requirements [4][5]. - Financial institutions are tightening business rules and enhancing investor risk education to mitigate the impact of high volatility in gold prices [5][6]. - Banks have issued multiple risk warnings to investors, advising them to be aware of market changes and manage their positions carefully [6][7].

Core Viewpoint - Major Chinese banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), announced the suspension of certain gold accumulation services starting November 3, 2025, due to macroeconomic policy impacts and risk management requirements [2][3] Group 1: Business Adjustments - ICBC will suspend the opening of new accounts, active accumulation, new fixed accumulation plans, and applications for physical gold extraction under its "Ruyi Gold Accumulation" service, while existing customers can still execute their fixed accumulation plans and redeem or close accounts [2] - CCB will halt real-time purchases, new investment plans, and physical gold exchanges for its "Easy Storage Gold" service, but existing investment plans and account closures will remain unaffected [2] - The adjustments are linked to the recent tax policy changes announced by the Ministry of Finance and the State Administration of Taxation regarding gold transactions, which may have triggered these operational changes [3] Group 2: Market Context - The new tax policies, effective from November 1, 2025, exempt value-added tax for certain gold transactions, creating a potential competitive advantage for member units over non-member units, which may shift demand towards leading member institutions [3] - Analysts predict that the attractiveness of non-physical gold investments, such as gold ETFs, will increase due to tax burdens in the circulation and recycling stages [3] Group 3: Recent Trends - In 2023, several banks, including ICBC and Bank of China, have raised the minimum investment amounts for gold accumulation products, reflecting the rising gold prices [4] - ICBC increased its minimum investment from 850 yuan to 1000 yuan, while Bank of China adjusted its minimum purchase amount from 850 yuan to 950 yuan [4]

Business Operations - ICBC has resumed accepting new accounts for the "Ruyi Gold Accumulation" business [1] - ICBC temporarily suspended the opening of new accounts, active accumulation, new fixed accumulation plans, and applications for physical gold extraction for the "Ruyi Gold Accumulation" business due to policy market impact and risk management requirements [1] - CCB also made a similar decision to suspend the "Easy Gold Accumulation" business (existing customers are not affected) [1] Market Observation - There was a buying rush for ICBC's "Ruyi Gold Bar" over the weekend [2]

同日，中国工商银行也发布了关于暂停部分如意金积存业务的通知，自2025年11月3日起，工行暂停受 理如意金积存业务的开户、主动积存、新增定期积存计划以及提取实物的申请，存量客户处于有效期内 的定期积存计划的执行以及办理赎回、销户不受影响。 正是在这种外部环境变化下，多家银行开始重新评估在贵金属业务上的风险敞口。建设银行此次暂停部 分易存金业务，实际上是对已有风险管理体系的一次升级。根据公告内容，暂停范围包括实时买入、新 增定投、实物兑换三大核心功能，但保留了存量客户已设定定投计划的正常运行权限。这意味着银行并 未完全退出该市场，而是选择性地切断新增风险来源，同时保障现有客户的权益稳定。 工商银行早在10月中旬就宣布上调如意金积存业务最低投资额度，并在11月上旬直接暂停新增业务申 请。这一系列动作反映出银行在风险偏好上的明显转变，从鼓励大众参与、扩大市场份额，转向强化内 部控制、防范系统性风险。 值得注意的是，尽管业务有所收缩，但银行并未停止对黄金资产的整体支持。例如，工商银行仍允许存 量客户继续执行原有定投计划，且赎回和销户流程保持畅通，说明其策略重点在于"控增量、稳存量"。 金价节节攀升，黄金的投资价值愈发 ...

Core Viewpoint - Major Chinese banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), have announced the suspension of certain gold investment services due to market volatility and risk management considerations [1] Group 1: ICBC Announcement - ICBC has suspended the acceptance of new accounts, proactive accumulation, new fixed-term accumulation plans, and applications for physical gold extraction effective immediately [1] Group 2: CCB Announcement - CCB will suspend real-time purchases, new investment purchases, and physical gold exchange applications for its Easy Gold service starting from November 3, 2025, while existing customers' investment plans and redemptions will remain unaffected [1] - CCB also announced the suspension of personal gold accumulation exchanges for physical precious metals, but other personal gold accumulation services will not be impacted [1]

Core Insights - Both Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) have suspended certain gold investment services due to macroeconomic policy impacts and risk management requirements [1][2] - The banks have indicated that existing customers' plans will not be affected, but new applications for specific services are on hold [1][2] Group 1: Service Suspension Details - ICBC has paused the acceptance of new accounts, active accumulation, new fixed accumulation plans, and requests for physical gold extraction starting from today [1] - CCB has similarly suspended real-time purchases, new investment plans, and physical gold exchanges, while existing investment plans remain unaffected [1][2] Group 2: Recent Changes in Investment Thresholds - ICBC raised the minimum investment amount for its gold accumulation service from 850 yuan to 1000 yuan effective October 13 [3] - Other banks, including Bank of China and Ping An Bank, have also increased their minimum investment thresholds for gold accumulation products in October [6][8] Group 3: Market Conditions and Risk Management - ICBC has advised investors to be cautious due to increasing market instability and significant fluctuations in gold prices, recommending diversified investment strategies [5] - The banking sector is responding to rising gold prices and market volatility by adjusting investment thresholds and issuing risk warnings to enhance investor education [8]

长沙晚报掌上长沙11月3日讯（通讯员 鄢新星）近年来，中国建设银行湖南省分行（以下简称"湖南建行"）以"金 融为民"为底色，把养老金融作为责任之举、民生之需与发展之策，协同发力制度、科技与服务，推动养老金融 从"有"到"优"、由"点"及"面"。 在硬件上，网点进行适老化改造，设置无障碍通道、专用停车位、带扶手卫生间等；在服务上，打通线上线下渠 道，为个人养老金业务提供"一站式"全流程服务，将专业金融守护融入人文关怀。 建行湘潭分行相关负责人表示，通过"安心养老"平台与"建行生活"智慧食堂系统对接，能自动匹配不同年龄段老 人的助餐补贴。过去11个月，建行在湘潭参与建设了57个社区长者食堂，服务近2万名老人；全省此类老年助餐点 已上线145个。 湖南建行将物理网点从交易场所升维为传递温度的前沿阵地。在建行网点，老人们不仅能办理业务，还能参与活 动、学习知识、结交朋友。重阳节前夕，建行湖南省分行营业部联合社区举办主题活动，用"家常话"普及反诈知 识，增强老人金融安全意识。今年来，湖南建行开展各类适老公益及宣教活动超2000场。 养老是一项系统工程。湖南建行主动融入社会治理大局，建行长沙天心支行与天心区民政局联手打造 ...

同日，建设银行也发布关于暂停受理易存金等业务的公告，受市场波动影响，结合风险审慎管理要求，自2025年11月3日（含）起， 暂停受理易存金业务实时买入、新增定投买入、实物金兑换等申请，存量客户易存金定投计划的执行、赎回以及销户不受影响；暂停 个人黄金积存兑换实物贵金属、账户黄金兑换实物贵金属等申请，其他个人黄金积存业务不受影响。相关业务恢复事宜，敬请关注后 续公告。 工商银行11月3日发布公告称，受宏观政策影响，根据本行风险管理要求，自2025年11月3日起，暂停受理如意金积存业务的开户、主 动积存、新增定期积存计划以及提取实物的申请，存量客户处于有效期内的定期积存计划的执行以及办理赎回、销户不受影响。相关 业务恢复事宜，请关注后续公告。 编辑｜钉钉 ...