Core Viewpoint - Recent fluctuations in international gold and silver prices have prompted banks to adjust their operations and issue risk warnings to protect investors amid significant market volatility [1][2][4][5][6][7] Group 1: Market Fluctuations - On February 2, gold futures dropped below $4,500 per ounce, with silver prices experiencing a cumulative decline of approximately 40% from the peak on January 29, while gold prices fell by about 20% [1] - The recent volatility in precious metals is attributed to macroeconomic expectations, technical overbought conditions, and profit-taking by some investors, indicating a high volatility phase in the market [7] Group 2: Bank Responses - China Merchants Bank announced an increase in margin requirements for various gold and silver contracts from 60% to 70% to mitigate market risks [1] - The bank also suspended new account openings and new positions in its "Zhaocai Gold" business due to the changing market conditions [2] - Other banks, including Postal Savings Bank of China and Agricultural Bank of China, have issued similar warnings and adjusted their business practices to enhance risk management and protect client interests [2][4][5] Group 3: Risk Management Strategies - Banks are implementing a multi-layered approach to risk management, including increasing entry barriers, limiting leverage, and guiding rational investment behaviors [7] - The adjustments made by banks reflect a proactive stance in managing risks associated with precious metals trading, aiming to maintain market stability and protect investor interests [7]

Market Overview - The Hang Seng Index (HSI) closed at 26,954.92, up by 179.35 points or 0.67% as of February 2, 16:00 Eastern Time [1] - The index reached a high of 27,021.10 and a low of 26,800.30 during the trading session, with a trading volume of 40.725 million shares [1] Major Blue-Chip Stocks Performance - HSBC Holdings closed at HKD 139.961, increasing by 3.91% compared to the Hong Kong close [2] - Tencent Holdings closed at HKD 595.694, down by 0.47% compared to the Hong Kong close [2] Stock Price Movements - Tencent Holdings: Latest price HKD 598.500, down by HKD 7.500 or 1.24% [3] - Alibaba Group: Latest price HKD 163.300, down by HKD 5.900 or 3.49% [3] - HSBC Holdings: Latest price HKD 134.700, down by HKD 1.900 or 1.39% [3] - AIA Group: Latest price HKD 89.050, down by HKD 1.300 or 1.44% [3] - Meituan: Latest price HKD 94.850, down by HKD 2.350 or 2.42% [3] - BYD Company: Latest price HKD 91.000, down by HKD 6.750 or 6.91% [3] - Kuaishou Technology: Latest price HKD 77.000, down by HKD 3.150 or 3.93% [3]

Core Viewpoint - The recent volatility in gold prices has prompted major state-owned banks in China to adjust their gold-related business practices, enhancing risk management and guiding investors towards rational participation in the market [1][2][4]. Group 1: Adjustments by State-Owned Banks - Major state-owned banks, including ICBC, ABC, BOC, CCB, and others, have implemented changes to their gold-related business, including increasing entry thresholds, transaction limits, and risk assessment requirements [2][4]. - ICBC announced on February 1 that due to significant fluctuations in domestic and international precious metal prices, investors should maintain a rational investment mindset and avoid impulsive trading [2]. - CCB raised the minimum amount for personal gold accumulation to 1,500 yuan starting February 2, citing increased market risks [3]. Group 2: Market Analysis and Long-Term Value - Despite short-term price fluctuations, experts believe that gold and other precious metals still hold long-term investment value due to global risk aversion and changes in asset allocation logic [1][5]. - The precious metals market has shown an upward trend since 2026, with gold and silver performing particularly well, although recent price volatility has raised concerns about future market behavior [5]. - Analysts suggest that while short-term pressures may exist, long-term factors such as declining real interest rates and persistent inflation will continue to support gold prices [5][6]. Group 3: Investor Guidance - Investors are advised to focus on risk management, including understanding market volatility, monetary policy changes, and liquidity risks associated with investment products [6]. - It is emphasized that investors should assess their risk tolerance and avoid excessive leverage, choosing investment tools that align with their financial situations [6].

Core Viewpoint - Recent fluctuations in international gold and silver prices have led to significant adjustments in banking operations and risk management strategies to protect investors amid heightened market volatility [1][9]. Group 1: Market Fluctuations - On February 2, gold futures dropped below $4,500 per ounce, with silver prices experiencing a cumulative decline of approximately 40% from the peak on January 29, while gold prices fell by about 20% [1]. - The current market environment reflects a high volatility phase influenced by macroeconomic expectations, technical overbought conditions, and profit-taking by investors [9]. Group 2: Banking Responses - China Merchants Bank announced adjustments to its "Zhaocai Gold" business, increasing margin requirements for various gold and silver contracts from 60% to 70% to mitigate market risks [2]. - The Agricultural Bank of China implemented a risk assessment requirement for clients engaging in gold accumulation services, mandating a cautious risk tolerance rating [7]. - The Bank of China adjusted margin requirements for silver contracts, increasing the margin from 50.80% to 66.04% in case of a one-sided market [7]. Group 3: Investor Guidance - Banks are advising investors to enhance their risk awareness, control their positions, and avoid impulsive trading behaviors in light of the current market uncertainties [3][8]. - Financial institutions are promoting a strategy of maintaining a rational investment mindset, suggesting that investors should consider long-term perspectives and diversify their asset allocations [9].

邮储银行也于当日发布公告称，近期国内外贵金属市场价格波动剧烈，不确定因素显著增多。为保护黄 金积存、实物贵金属业务客户利益，该行特别提示相关客户，请客户加强风险防范意识，在审慎评估自 身财务状况及风险承受能力的基础上，理性投资、合理配置、避免追涨杀跌，密切关注贵金属行情变 化，控制持仓规模，防范贵金属价格波动带来的资金损失。 除了风险提示，多家银行依据上海黄金交易所最新通知，宣布调整黄金、白银延期合约涨跌幅限制，上 调相关合约保证金比例。 2026.02.02 本文字数：1710，阅读时长大约3分钟 作者 |第一财经 亓宁 面对黄金价格从历史性暴涨到历史性暴跌，银行的风险提示和风控手段调整频率明显提高。 2月2日，黄金白银延续跌势，国际黄金现货价格一度跌至4403.64美元/盎司，日内最大跌幅超过9%；国 际白银现货价格最低触及71.33美元/盎司，日内最大跌幅接近15%。 同日，工商银行再度发布《关于加强防范贵金属市场价格波动风险的提示》称，近期国际贵金属市场波 动率显著增加，引发价格快速变化，风险进—步显现，提醒客户在审慎评估自身风险承受能力的基础 上，保持理性投资心态，避免盲目追涨杀跌。"建议从中长期视 ...

Core Viewpoint - The article discusses the significant volatility in the gold and silver markets, leading banks to increase risk warnings and adjust their risk management measures in response to the sharp price fluctuations [2][3]. Group 1: Market Volatility - On February 2, international gold prices fell to $4,403.64 per ounce, with a maximum daily drop exceeding 9%, while silver prices hit a low of $71.33 per ounce, with a drop close to 15% [2]. - Banks, including Industrial and Agricultural Banks, issued warnings about the increased volatility in the precious metals market, urging clients to assess their risk tolerance and maintain a rational investment approach [2][3]. Group 2: Risk Management Adjustments - Several banks announced adjustments to the margin requirements for gold and silver futures contracts in response to the volatility. For instance, Industrial Bank raised the margin for silver contracts from 60% to 66% on February 2 [4]. - Prior to this, on January 28, Industrial Bank had already increased the margin for various gold contracts from 43% to 60% and for silver contracts from 47% to 60% [4]. - Agricultural Bank also adjusted the price fluctuation limits for silver contracts, increasing the limit from 19% to 25% if a one-sided market condition occurs [5]. Group 3: Client Advisory - Banks emphasized the importance of clients maintaining awareness of market changes and controlling their positions to mitigate risks associated with price fluctuations in precious metals [3][5]. - Postal Savings Bank similarly advised clients to strengthen their risk awareness and rationally allocate investments based on their financial situations and risk tolerance [3].

英中贸易协会成立于1954年，是英国最具影响力的贸易促进机构之一。中国工商银行（伦敦）有限公司 是该协会会员单位。 责任编辑：曹睿潼 来源：中国工商银行 2月2日，中国工商银行董事长廖林在京会见英中贸易协会主席吴思田，双方围绕中英宏观经济形势、工 行在英业务布局、中英经贸投资合作等话题进行深入交流。中国工商银行副行长张伟武、英中贸易协会 总裁白彼得、施罗德投资集团代表等参加会见。 来源：中国工商银行 2月2日，中国工商银行董事长廖林在京会见英中贸易协会主席吴思田，双方围绕中英宏观经济形势、工 行在英业务布局、中英经贸投资合作等话题进行深入交流。中国工商银行副行长张伟武、英中贸易协会 总裁白彼得、施罗德投资集团代表等参加会见。 中国工商银行高度重视英国市场，积极发挥自身国际化综合化优势，助力两国经贸投资往来。2025年9 月，中国工商银行携手英中贸易协会主办了第25届投洽会"投资英国"配套论坛，为深化双边投资合作注 入动力。中国工商银行将认真落实两国领导人达成的重要共识，加强与英中贸易协会的交流合作，依托 中欧企业联盟等多边平台，加强信息共享与资源对接，为两国企业在绿色发展、科技创新、高端制造等 领域的合作提供 ...

来源：中国工商银行 责任编辑：曹睿潼 来源：中国工商银行 近日，工商银行召开2026年全面从严治党暨纪检监察工作会议，传达学习贯彻二十届中央纪委五次全会 精神，总结2025年全面从严治党工作，部署2026年重点任务。党委书记、董事长廖林出席会议并讲话， 党委副书记、行长刘珺主持会议，驻工商银行纪检监察组组长、党委委员杨少俊对纪检监察工作进行安 排，党委班子成员、高管层成员出席会议。中央金融纪工委等单位有关同志到会指导。 会议指出，过去一年，工商银行党委坚持以习近平新时代中国特色社会主义思想为指导，与驻工商银行 纪检监察组同题共答、同向发力，纵深推进全面从严治党从严治行，清廉银行建设迈上新台阶。会议分 析了当前全面从严治党、党风廉政建设和反腐败斗争中存在的问题，强调要采取有力举措，加快推动解 决。 近日，工商银行召开2026年全面从严治党暨纪检监察工作会议，传达学习贯彻二十届中央纪委五次全会 精神，总结2025年全面从严治党工作，部署2026年重点任务。党委书记、董事长廖林出席会议并讲话， 党委副书记、行长刘珺主持会议，驻工商银行纪检监察组组长、党委委员杨少俊对纪检监察工作进行安 排，党委班子成员、高管层成员出 ...

Core Viewpoint - Recent significant fluctuations in gold prices have prompted major state-owned banks in China to adjust their precious metals business rules and issue market risk warnings to enhance investor risk management [1] Group 1: Bank Adjustments - Industrial and Commercial Bank of China (ICBC) has raised the minimum purchase amount for gold accumulation from 1,000 yuan to 1,100 yuan and restricted the accumulation business to C3 balanced clients and above starting from January 12 [2] - China Construction Bank has increased the minimum investment amount for its gold accumulation products to 1,500 yuan, effective from February 2, with plans for future adjustments based on market conditions [3] - Agricultural Bank of China has introduced a requirement for clients to complete a unified risk assessment before engaging in gold accumulation operations, effective from January 30 [6] Group 2: Risk Management Measures - ICBC has advised investors to rationally invest based on their risk tolerance and to control their positions to mitigate volatility risks [2] - China Bank has issued a risk warning regarding all types of precious metal businesses, urging clients to manage their holdings according to their financial situation and risk tolerance [4] - Bank of Communications has tightened client risk level requirements, allowing only clients with growth, aggressive, or balanced risk profiles to access full functionalities of their precious metals wallet [5] Group 3: Investor Guidance - Agricultural Bank of China has recommended that investors participate in business activities rationally and enhance their risk awareness [7]

Core Viewpoint - Major Chinese banks, including Industrial and Agricultural Banks, have issued risk warnings regarding precious metal investments due to significant market volatility and price fluctuations, urging investors to assess their risk tolerance and invest rationally [1][4]. Group 1: Risk Warnings and Recommendations - Industrial Bank and Agricultural Bank have reiterated the need for investors to evaluate their financial situations before engaging in precious metal trading, advising against impulsive trading behaviors and emphasizing the importance of monitoring market changes while managing position sizes effectively [4]. - Following a previous warning on February 1, Industrial Bank issued another risk alert shortly after, highlighting the ongoing concerns in the precious metals market [4]. - Other banks, including Bank of Communications, Bank of China, and China Construction Bank, also released similar risk advisories between January 29 and January 30, encouraging rational and reasonable investment practices [6]. Group 2: Risk Management Measures - Several major state-owned banks have implemented stricter risk management measures for precious metal accumulation products, including raising risk ratings and minimum investment amounts to strengthen risk defenses [7]. - Agricultural Bank introduced a new risk assessment mechanism for individual clients starting January 30, requiring a "cautious" rating or above for engaging in gold accumulation services, while existing clients are exempt from these new conditions for certain operations [7]. - Industrial Bank has set even stricter entry standards, requiring clients to achieve a "balanced" rating or above on a unified risk assessment questionnaire and sign a risk disclosure agreement for gold accumulation services [7]. - Since 2025, Industrial Bank has raised the minimum investment threshold for its gold accumulation business multiple times, with the latest increase from 1,000 yuan to 1,100 yuan effective January 8, 2026, compared to an initial threshold of 650 yuan in early 2025 [7]. Group 3: Business Rule Adjustments - Industrial Bank announced adjustments to its business rules, implementing dynamic limit management for gold accumulation services starting February 7, which will affect daily accumulation/redemption limits and total transaction limits for individual clients on non-trading days [8].