Zhong Guo Jing Ying Bao·2025-09-12 18:54Core Viewpoint - International gold prices have been rising, prompting banks to adjust their precious metals business to manage market volatility and risk control [1][2][3] Group 1: Bank Adjustments - Several banks, including China Construction Bank and China Merchants Bank, have made adjustments to their precious metals business, such as increasing risk levels for gold investment products and optimizing risk assessments [1][3] - Construction Bank will close trading functions for clients with no transactions for 12 consecutive months, while China Merchants Bank has adjusted margin levels and price fluctuation limits for certain contracts [2][3] - The adjustments mainly affect personal clients' trading services related to the Shanghai Gold Exchange, indicating a tightening of risk management practices [2][3] Group 2: Investment Strategies - Investors are advised to participate in gold investments based on their financial situation and risk tolerance, with conservative investors recommended to limit their gold investments to 10%-15% of their investable assets [1][3] - The current high gold prices, combined with central bank policies and global economic conditions, suggest a long-term support for gold prices, making it a strategic asset allocation choice [6][7] - Investment strategies such as regular gold accumulation and timing-based investments are recommended to manage risks and enhance returns [6][8] Group 3: Market Dynamics - The rapid increase in gold prices has led to higher margin requirements and adjustments in trading limits, affecting investors' risk management strategies [3][5] - The demand for gold buyback services has increased as residents seek to liquidate physical gold, with several banks expanding their buyback networks [4][5] - Banks are enhancing their risk management measures, including establishing price risk warning mechanisms and optimizing risk assessments for personal clients [5][6]