Huan Qiu Wang·2025-05-02 02:27Group 1 - The core point of the news is that China Merchants Bank has raised the minimum subscription amount for its gold accounts from 800 RMB to 1000 RMB, effective from May 8, 2023 [1][5] - This is the fourth increase in the minimum subscription threshold for gold accumulation this year, with the previous adjustments occurring on February 24, March 27, and April 21 [6] - The bank will continue to monitor the gold market and may adjust the minimum subscription amount as necessary, with updates to be communicated through official channels [5][6] Group 2 - The increase in the minimum subscription amount is attributed to significant fluctuations in gold prices and regulatory requirements for gold accumulation businesses [6] - The adjustments aim to align the minimum purchase amount with the value of 1 gram of gold and to discourage small-scale speculative investments [6] - According to the World Gold Council, global gold demand reached 1206 tons in Q1 2023, with a notable increase in gold ETF demand, which surged by 170% year-on-year [7]