财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：山上 今天，工商银行通过"工银金行家"公众号发布风险提示。公告显示，近期国内外贵金属价格波动剧烈， 市场不确定性显著增强。工行建议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。工行建议客户从中长期视角考虑，坚持分批分散、适度均衡的原则进行投资配置，同 时密切关注行情变化，合理控制持仓规模，有效防范市场波动风险。 北京时间1月31日凌晨，现货白银价格一度暴跌36%，创历史最大日内跌幅；现货黄金最高跌幅超过 12%，创40年来最大单日跌幅。 ...

Core Viewpoint - The recent volatility in precious metal prices has prompted major banks in China to issue risk assessments and warnings to investors, emphasizing the need for cautious investment strategies and risk management [1][2][3]. Group 1: Bank Responses - Industrial and Commercial Bank of China (ICBC) has advised clients to complete risk assessments before engaging in gold-related transactions, requiring a minimum risk tolerance rating of C3 [2]. - Agricultural Bank of China has implemented similar measures, mandating that clients achieve at least a cautious risk assessment rating for gold accumulation transactions starting January 30 [2]. - Bank of Communications has also introduced risk assessment requirements for clients engaging in related business as of January 31 [3]. Group 2: Market Conditions - As of January 31, spot gold prices fell below $4,900, dropping nearly $500, while spot silver plummeted over 26% due to panic selling influenced by geopolitical factors and changes in U.S. monetary policy [6]. - The current prices for precious metals reflect significant declines, with London gold at $4,880.034, down 9.25% year-to-date, and London silver at $85.259, down 26.42% [7]. Group 3: Price Adjustments - Major banks have adjusted investment thresholds and trading limits to mitigate risks, with China Construction Bank raising the minimum investment for gold accumulation to 1,500 yuan starting February 2 [4]. - Other banks, including China Merchants Bank and Ping An Bank, have also increased their investment minimums for gold products, indicating a tightening of market access [4]. Group 4: Market Outlook - Analysts suggest that the recent sharp declines in gold and silver prices were expected following rapid price increases, indicating a strong profit-taking demand [8]. - Long-term perspectives remain optimistic for gold prices due to ongoing issues with the U.S. dollar and increasing global central bank gold reserves, which may support future price increases [8].

记者丨曾静娇 唐婧 编辑丨刘雪莹 视频丨许婷婷 国内外贵金属价格剧烈波动，2月1日，工商银行再次紧急发布风险提示。 提示中，工商银行建议投资者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。建议从中长期视角考虑，坚持分批分散、适度均衡的原则进行投资配置。请 投资者密切关注行情变化，合理控制持仓规模，有效防范市场波动风险。 今年1月份，就在贵金属价格出现剧烈波动前后，已有三家国有大行要求客户在办理相关业务 时需增加风险评测。 1月12日，工商银行要求办理开户、主动积存或新增定投计划的个人客户，需完成风险承 受能力评估、取得C3-平衡型及以上的评估结果并签署风险揭示书方可办理。 农业银行公告自1月30日起，对个人客户参与存金通黄金积存交易时，需取得谨慎型及以 上评估结果。 交通银行公告显示，自1月31日起，客户办理相关业务也有了风险评测要求。 近期多家银行还通过投资起点调整、交易限额调整等手段，进一步提醒投资者注意风险。 建设银行1月30日宣布，2月2日起个人黄金积存定期积存起点上调至1500元，覆盖日均积 存及自选日积存，成为首家将参与门槛提至1500元的国有大行。 受特朗普提名"鹰派 ...

每经AI快讯，2月1日，工商银行通过"工银金行家"公众号发布风险提示。公告显示，近期国内外贵金属价格波动剧烈，市场不确定性显著增强。工行建议客 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。工行建议客户从中长期视角考虑，坚持分批分散、适度均衡的原则进行 投资配置，同时密切关注行情变化，合理控制持仓规模，有效防范市场波动风险。 ...

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) has issued multiple risk warnings regarding the volatility in precious metal prices, urging investors to adopt a rational investment mindset and assess their risk tolerance carefully [1] Group 1: Risk Warnings - ICBC issued a risk warning on February 1, highlighting significant fluctuations in domestic and international precious metal prices and increased market uncertainty [1] - The bank recommends that investors avoid impulsive trading behaviors such as blindly chasing price increases or selling off assets [1] - Prior warnings were issued on January 29 and 30, emphasizing the complex and changing nature of the international market and the severe price volatility in precious metals [1] Group 2: Investment Recommendations - Investors are advised to consider a medium to long-term perspective when making investment decisions [1] - The bank suggests a strategy of gradual, diversified, and balanced investment allocation to mitigate risks [1] - Investors should closely monitor market trends and manage their positions effectively to guard against market volatility [1]

Core Viewpoint - The collaboration between Huizhou Jiaotou Huiboche and four major banks aims to provide significant parking discounts to residents, enhancing their travel experience and promoting convenient parking solutions [1][14]. Group 1: Discount Details - The promotional activities include discounts of up to 88 yuan, with various banks offering different benefits to their cardholders [1][10]. - Industrial and Commercial Bank of China (ICBC) offers random discounts of 1 to 3 yuan for credit card users on parking fees over 5 yuan, valid until July 31, 2026 [4]. - Bank of China provides a "3 yuan off 2 yuan" discount for debit card users until April 30, 2026, with additional random discounts available for subsequent payments [5]. - Guangfa Bank has the broadest coverage and longest duration, offering discounts of up to 88 yuan for credit and debit card users on parking fees over 5 yuan, valid until December 31, 2026 [10]. Group 2: Objectives and Future Plans - The initiative is designed to meet the public's demand for economical and convenient travel options while encouraging standardized parking practices [14]. - The company plans to continue exploring more public-friendly services to enhance parking resource efficiency and create a smarter, more user-friendly parking environment [14].

Core Viewpoint - The Industrial and Commercial Bank of China (ICBC) has issued a warning regarding the heightened risks in the precious metals market due to significant price fluctuations and increased market uncertainty [1] Group 1: Market Conditions - Recent domestic and international precious metals prices have experienced severe volatility [1] - The uncertainty in the market has significantly increased, prompting caution among investors [1] Group 2: Investment Recommendations - Investors are advised to assess their risk tolerance carefully and maintain a rational investment mindset to avoid impulsive trading behaviors [1] - A long-term perspective is recommended, with an emphasis on gradual, diversified, and balanced investment strategies [1] - It is suggested to closely monitor market trends and manage position sizes effectively to mitigate risks associated with market volatility [1]

1. Report Industry Investment Rating No information provided in the content. 2. Core View of the Report The report delves into the investment opportunities of 10 - year secondary capital bonds. It analyzes the development history of commercial bank secondary capital bonds, the issuance and trading condition of 10 - year secondary capital bonds, the main investors, and provides investment strategies from both allocation and trading perspectives [4][7][49]. 3. Summary According to the Directory 10 - year Commercial Bank Secondary Capital Bond Decryption - **Development History of Commercial Bank Secondary Capital Bonds**: The development of China's commercial bank secondary capital bonds can be divided into four stages. From 2004 - 2012, it was the "old - style sub - debt" stage; from 2013 - 2019, "new - style secondary capital bonds" emerged; from 2020 - 2023, the market's risk perception deepened; from 2024 to the present, the market entered a new innovation cycle [4][8][9]. - **The "Past and Present" of 10 - year Secondary Capital Bonds**: The first 10 + 5 - year secondary capital bond was issued by Agricultural Bank of China in March 2019. Since 2019, only state - owned large - scale banks and state - owned joint - stock banks have issued 10Y secondary capital bonds. The state - owned large - scale banks are the main issuers, with Agricultural Bank of China having the largest issuance volume. In terms of the stock, the secondary capital bonds with a remaining term of 3 - 5 years have the largest stock, followed by those with a remaining term of 7 - 10 years [18][22][24]. - **Secondary Transaction Situation of 10 - year Secondary Capital Bonds**: From January 1, 2025, to January 13, 2026, the secondary capital bonds with a term of 3 - 5 years were the most actively traded, followed by those with a term of 1 - 3 years. The 7 - 10 - year secondary capital bonds ranked fourth in terms of trading volume. The 9 - 10 - year secondary capital bonds had the largest trading volume among long - term bonds, and the 10 - year secondary capital bonds issued by Agricultural Bank of China had the best liquidity [30][32][33]. - **Who is Buying 10 - year Secondary Capital Bonds**: Insurance institutions are the main buyers of 10Y secondary capital bonds, with a net increase of about 1.6 billion yuan in 7 - 10Y secondary capital bonds in the past year. However, due to accounting treatment issues, insurance funds are more cautious in asset allocation. The increase in trading volume in the past month may be due to insurance companies' net purchases. In addition, securities companies, insurance companies, and fund products are the top three buyers in the past month, but the net purchase scale of securities companies is negative, indicating a stronger trading nature [36][42][43]. Investment Strategies for 10 - year Secondary Capital Bonds - **From the Perspective of Allocation**: The report uses interest rate spread and variety premium as key indicators to measure the relative value of 10Y secondary capital bonds. In terms of interest rate spread, when the funds are loose and the interest rate spread is high, the yield of 10Y secondary capital bonds may decline. In terms of variety premium, the trend of 10Y secondary capital bonds is highly consistent with that of ultra - long local bonds, with a "volatility amplification" effect in some periods [50][52][54]. - **From the Perspective of Trading**: The report reviews the term spread, the order of yield peaks of 10Y secondary capital bonds and other varieties, and the spread indicators between secondary capital bonds and urban investment bonds. Since 2025, the term spread between 10Y and 5Y secondary capital bonds has moved in the same direction as the 10Y secondary capital bond. In the interest rate upward cycle since 2023, 10Y secondary capital bonds have risen and fallen in the same direction as other varieties; in the downward cycle, almost all varieties reach the stage low at the same time. When the spread between 10Y secondary capital bonds and 10Y urban investment bonds turns negative, the yield of 10Y secondary capital bonds often has room to decline [59][66][76]. - **Summary of Trading Strategies**: The report provides a basic framework for investment decisions by reviewing historical experiences from the perspectives of allocation and trading, and summarizing the core judgment indicators and rules for the interest rate to reach the stage peak and bottom [81][82][83].

北京商报讯（记者 孟凡霞 周义力）2月1日，据工银金行家公众号消息，工商银行提示，近期国内外贵 金属价格波动剧烈，市场不确定性显著增强。建议投资者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。建议从中长期视角考虑，坚持分批分散、适度均衡的原则进行投资 配置。请投资者密切关注行情变化，合理控制持仓规模，有效防范市场波动风险。 ...

Core Viewpoint - The precious metals market experienced significant volatility following the nomination of "hawkish" Kevin Warsh as the Federal Reserve Chairman, with gold prices dropping sharply by over 12% in a single day [1]. Group 1: Market Reactions - On January 30, spot gold hit a low of $4,682 per ounce before closing at $4,880.03, marking a 9.25% decline [1]. - The recent fluctuations in precious metal prices prompted major state-owned banks to implement additional risk assessments for clients engaging in related transactions [1][2]. Group 2: Bank Policies - Three major state-owned banks, including Industrial and Agricultural Banks, have announced new risk assessment requirements for clients participating in gold accumulation business [2][6]. - From January 31, clients with growth, aggressive, or progressive risk profiles can engage in all precious metal wallet transactions, while conservative and balanced clients face restrictions on certain transactions [2][6]. Group 3: Risk Management Measures - Banks are adjusting investment thresholds and transaction limits to enhance risk awareness among investors [7][8]. - Construction Bank raised the minimum investment for gold accumulation to 1,500 yuan, becoming the first major state-owned bank to do so [7]. Group 4: Market Outlook - Institutions are currently cautious in the short term but optimistic in the long term regarding gold prices, with expectations of increased volatility due to profit-taking [9][10]. - Analysts believe that while short-term risks are rising, the long-term logic for gold price increases remains intact, with potential for prices to reach $6,000 per ounce [10].