智通财经网·2025-11-03 02:07Group 1 - Gold mining and jewelry stocks experienced significant declines, with notable drops including Lao Pu Gold down 8.04% to 629.5 HKD, Chow Tai Fook down 6.18% to 14.28 HKD, and Shandong Gold down 4.53% to 31.22 HKD [1][1][1] - The Ministry of Finance and the State Taxation Administration announced new tax policies regarding gold, aiming to clarify previous ambiguities in gold trading taxes and reduce speculative activities in the market [1][1][1] - A report from Huatai Futures suggests that while the new policy may pressure physical demand for gold in the short term, it could enhance the financial attributes of gold investments in the long term, making them more appealing to institutional investors [1][1][1] Group 2 - The new regulations categorize gold based on "purity + function," which is intended to suppress speculative arbitrage in the gold market and lower compliance costs for investors [1][1][1] - The potential increase in holding costs for gold may lead to a shift of household wealth towards the real economy or stock market, which could further stimulate economic activity [1][1][1]