今天（3日），工商银行发布公告，表示受宏观政策影响，根据工行风险管理要求，自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。 同日，建设银行也发布公告，自3日（含）起，建行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。 同时，两家银行均表示，相关业务恢复事宜，请关注银行后续公告。 工行曾宣布调整如意金积存业务最低投资额 10月11日，工商银行曾宣布调整如意金积存业务最低投资额。自10月13日起，工商银行如意金积存业务最低投资额（即积存起点金 额）由850元上调至1000元；按克数积存的积存起点仍为1克。 10月份以来，已有工商银行、中国银行、平安银行、兴业银行等纷纷上调积存金产品起投门槛。例如，中国银行于10月15日起调整 积存金产品的购买条件，按金额购买积存金产品或创建积存定投计划时，最小购买金额由850元调整为950元，追加购买金额维持 ...

北京商报讯（记者 孟凡霞 周义力）11月3日晚间，工商银行发布公告称，该行现已恢复受理如意金积存 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。投资者可通过该行营业网点、中国工 商银行App等渠道办理各类如意金积存业务。同时，建议投资者关注黄金市场波动，提高风险防范意 识，守护自身资产安全。 ...

年内金价强势冲高又巨震暴跌的激进走势，引得多家商业银行出手进行调整。11月3日，工商银行 （601398）、建设银行（601939）相继宣布，自即日起，暂停受理部分积存金业务。究其原因，主要是受宏观 政策影响、市场波动以及银行自身风险管理要求影响。 无独有偶，建设银行也于同日发布公告称，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，该行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，请关注后续公告。 事实上，进入10月以来，已有多家银行对积存金业务进行了调整，主要方式为上调起购金额或采用"随金价浮 动"模式。 例如，10月21日，兴业银行（601166）与平安银行（000001）同日发布公告称，将调整各自积存金业务购买起 点金额。兴业银行将按金额交易时的单次购买、新增定投购买起点由1000元上调至1200元，按重量交易时起点 仍为1克不变。平安银行则自2025年10月24日起，将平安金积存业务按金额设定的定投 ...

11月3日晚，工商银行公告，现已恢复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。 记者｜ 齐琦 编辑｜钉钉 行业人士对记者分析称，国际金价高位震荡叠加黄金税负政策调整，行业迎来政策过渡期。银行暂停相 关业务，更多是为避免非理性入场，待市场波动趋稳后再重启，也不排除银行正优化产品设计、升级积 存金的风险提示机制等措施。 该行今早刚发布了暂停受理相关产品的通知。同日，建设银行也发布关于暂停受理易存金等业务的公 告；民生银行也调整积存金交易时间。 ...

11月3日上午，工商银行曾发布公告称，暂停受理部分如意金积存业务申请。 11月3日晚间，工商银行发布公告称，已恢复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。同时，工商银行建议投资者关注黄金市场波动，提高风险防范意识，守护自身 资产安全。 （文章来源：中国经营报） ...

Investment Rating - The report maintains a "Recommendation" rating for the banking industry, indicating a stable outlook for investment opportunities [1]. Core Insights - The core revenue capacity of the banking sector has strengthened, with net interest margins stabilizing and asset quality remaining robust. The overall performance of listed banks in Q3 2025 shows a slight increase in profit growth due to reduced provisioning [1][5]. - The overall revenue and net profit growth rates for the 42 listed banks in Q3 2025 are 0.9% and 1.5% year-on-year, respectively, reflecting a marginal decline compared to the previous half-year [9][10]. Summary by Sections 1. Q3 2025 Performance Overview - Revenue growth has slightly declined, with non-interest income support weakening. The revenue growth rates for the 42 banks are 0.9% and 1.5% for net profit, with a decline in growth rates for joint-stock banks, city commercial banks, and rural commercial banks [9][10]. - The profit growth rate has slightly increased, primarily due to a reduction in provisioning efforts. The net profit growth rates for state-owned banks, joint-stock banks, city commercial banks, and rural commercial banks are 1.2%, -0.2%, 6.9%, and 3.6%, respectively [10]. 2. Key Operating Indicators - The asset quality indicators remain stable, with non-performing loan ratios holding steady at 1.15%. The provisioning coverage ratio has slightly decreased to 283.2% [10]. - The return on equity (ROE) for listed banks remains above 10%, although it has decreased by 0.38 percentage points year-on-year to 10.8% [10]. 3. Investment Recommendations - The report suggests a diversified investment strategy focusing on banks with high dividend yields and strong asset quality. It highlights the potential for mid-sized banks with high provisioning coverage ratios and low-valued joint-stock banks with improving ROE [5].

该行今早刚发布了暂停受理相关产品的通知。同日，建设银行也发布关于暂停受理易存金等业务的公 告；民生银行也调整积存金交易时间。 行业人士对记者分析称，国际金价高位震荡叠加黄金税负政策调整，行业迎来政策过渡期。银行暂停相 关业务，更多是为避免非理性入场，待市场波动趋稳后再重启，也不排除银行正优化产品设计、升级积 存金的风险提示机制等措施。 银行暂停相关业务，更多是为避免非理性入场。 11月3日晚，工商银行公告，现已恢复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。 ...

Core Viewpoint - The recent announcement by Industrial and Commercial Bank of China (ICBC) to suspend certain gold accumulation business has drawn market attention, following new tax regulations on gold transactions issued by the Ministry of Finance and the State Administration of Taxation [1][3]. Group 1: Business Adjustments - ICBC announced the suspension of its "Ruyi Gold Accumulation" business effective November 3, 2025, which includes the cessation of new account openings, active accumulation, new regular accumulation plans, and requests for physical gold withdrawals, while existing plans and redemptions remain unaffected [3]. - China Construction Bank (CCB) also announced similar suspensions for its "Easy Gold" business, effective from the same date, impacting real-time purchases, new investment plans, and physical gold exchanges, but not affecting existing clients [1][3]. Group 2: Regulatory Changes - The new tax policy, effective from November 1, 2025, to December 31, 2027, introduces specific tax rules for gold transactions, including VAT exemptions for certain transactions conducted through designated exchanges [3][4]. - The policy differentiates between transactions that involve physical delivery and those that do not, with varying VAT implications based on the investment nature of the gold [3][4]. Group 3: Market Implications - Analysts suggest that the suspension of certain gold accumulation services by banks is a response to macroeconomic policy changes and increased market risks due to international economic conditions [4]. - The new regulations may slow down the previously booming gold trading market, as evidenced by reports of gold service providers temporarily halting trading activities [6][7]. - Small and medium-sized gold merchants may face structural challenges due to increased costs and compliance pressures stemming from the new tax regulations, which could affect their competitive positioning [7]. Group 4: Consumer Impact - Ordinary consumers may change their purchasing behavior, favoring standardized gold products that benefit from tax exemptions, while weighing factors such as channel, brand, and price when buying jewelry [7]. - The differentiation in gold product attributes may lead to a clearer understanding among consumers regarding investment versus consumption, potentially reshaping market dynamics [7].

工商银行公告， 现已恢复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。 同时，工商银行建议关注黄金 市场波动，提高风险防范意识，守护自身资产安全。 值得一提的是，今日早间，工商银行发布公告称，受宏观政策影响，根据工商银行风险管理要求，自2025年11月3日起，工商银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。 ...

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].