Bei Jing Shang Bao·2025-11-03 11:36Core Viewpoint - The recent volatility in gold prices has prompted several major banks in China to adjust their gold accumulation business, with both Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB) suspending certain services due to macroeconomic policies and risk management requirements [1][2][5]. Group 1: Bank Adjustments - ICBC announced the suspension of its "Ruyi Gold" accumulation business effective November 3, 2025, affecting new account openings, active accumulation, and new periodic accumulation plans, while existing plans remain unaffected [2]. - CCB also suspended its "Easy Gold" accumulation services, including real-time purchases and physical gold exchanges, starting November 3, 2025, with existing plans continuing to operate [2]. - Other banks, such as Industrial Bank and Ping An Bank, have raised the minimum purchase amounts for their gold accumulation services in response to market fluctuations [3]. Group 2: Market Context - The international gold price has experienced significant fluctuations this year, reaching a peak of $4,381 per ounce before recently declining, with a year-to-date increase of over 53% as of November 3, 2025 [5]. - Factors contributing to the high volatility include global economic uncertainties, central bank monetary policy expectations, geopolitical tensions, and fluctuations in the U.S. dollar [5]. Group 3: Risk Management and Investor Education - Banks are tightening their gold accumulation business rules and enhancing investor risk education in light of the volatile market conditions [5][7]. - The adjustments reflect a proactive approach to risk management and compliance with regulatory requirements, aiming to balance operational compliance, risk control, and market stability [4][7]. - Financial institutions are emphasizing the importance of investor awareness regarding market risks and encouraging diversified investment strategies to mitigate potential losses [8].