Zhong Guo Zheng Quan Bao·2025-11-03 15:24Core Viewpoint - Major Chinese banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), have temporarily suspended certain gold accumulation services due to macroeconomic policy impacts and system upgrades aimed at enhancing customer service and adapting to recent changes in gold tax regulations [4][10]. Group 1: Service Suspension Details - On November 3, ICBC announced the suspension of its "Ruyi Gold Accumulation" services, including account openings, proactive accumulation, new fixed accumulation plans, and physical gold withdrawals [5][8]. - CCB also suspended its "Easy Storage Gold" services, including real-time purchases, new investment plans, and physical gold exchanges, while existing customers' plans remain unaffected [8][10]. Group 2: Reasons for Adjustments - The adjustments are attributed to the recent changes in gold sales value-added tax regulations issued by the Ministry of Finance and the State Administration of Taxation, necessitating system updates to comply with these new policies [10][11]. - Additionally, fluctuations in international gold prices due to global political and economic conditions have increased market risks and uncertainties, prompting banks to take precautionary measures [10][11]. Group 3: Customer Guidance and Market Context - Banks have advised customers to enhance their risk awareness regarding precious metal investments, especially in light of the recent volatility in gold prices, which have experienced significant fluctuations since October [11]. - ICBC and CCB have previously issued warnings about the risks associated with precious metal investments, urging customers to rationally manage their investment positions and be mindful of their financial situations [11].