Xin Hua Wang·2025-08-12 05:55Core Viewpoint - Several banks in China, including China Construction Bank and Industrial and Commercial Bank, have announced adjustments to their personal precious metals trading businesses due to increased market volatility and risks, aiming to protect investors' rights and prevent market risks [1][2][4]. Group 1: Bank Announcements - China Construction Bank and Industrial and Commercial Bank have issued announcements regarding the suspension of buying and conversion transactions for gold and silver in personal accounts starting August 15, 2022 [2][3]. - Other banks such as Huaxia Bank, Industrial Bank, Everbright Bank, CITIC Bank, and Ping An Bank have also tightened their personal precious metals trading businesses this year [1][3][4]. Group 2: Market Conditions - International gold prices peaked in March 2022 and have since declined, fluctuating around $1,700 per ounce by July, marking a near ten-month low [2]. - The Shanghai Gold Exchange has warned of significant market risks due to global commodity price volatility, urging members to enhance risk awareness and control [2][4]. Group 3: Expert Analysis - Industry experts suggest that the tightening of personal precious metals trading by banks is primarily to mitigate potential risks and protect investors' rights [5]. - Adjustments in trading policies may lead to increased transaction costs for some clients and are seen as a temporary measure in response to market conditions, with the possibility of reopening services when the market stabilizes [5].