Huan Qiu Wang·2025-10-29 02:56Core Insights - The article highlights the significant growth in precious metals business among several banks, particularly city commercial banks, with Nanjing Bank's precious metals scale increasing nearly 120 times compared to the beginning of the year [1][2]. Group 1: Growth in Precious Metals Business - Nanjing Bank's precious metals scale surged from 0.599 billion yuan at the end of 2024 to 73.94 billion yuan by June 30, 2025, marking an increase of over 12,235% [1][2]. - As of September 30, 2025, Nanjing Bank's precious metals scale slightly adjusted to 72.01 billion yuan, still reflecting a year-on-year growth of 11,914.36% [2]. - Ningbo Bank also experienced robust growth, with its precious metals scale reaching 176.46 billion yuan by the end of Q3, a 127.51% increase from the beginning of the year [2][3]. Group 2: Business Strategies and Innovations - Nanjing Bank has developed a dual model for its precious metals business, focusing on both proprietary and client services, enhancing its service offerings in the gold accumulation business [3][4]. - The bank launched a personal gold accumulation business in August 2024, promoting it through online channels and offering incentives such as discounts on transaction fees [4][6]. - Nanjing Bank introduced flexible investment options, allowing customers to start with as little as 1 gram for current accounts and 2 grams for fixed accounts, with varying interest rates based on the term [6]. Group 3: Market Trends and Future Outlook - The article notes that the demand for precious metals is expected to continue growing due to global uncertainties, with banks likely to deepen their strategic focus on this sector [4][8]. - Analysts suggest that the rising demand for gold as a safe-haven asset is reflected in the increased sales of gold bars and coins, indicating a shift in consumer behavior towards investment-grade precious metals [8]. - Some banks are adjusting their business thresholds in response to rising gold prices, with Ningbo Bank increasing the minimum purchase amount for gold accumulation from 900 yuan to 1,000 yuan [8].