Zhong Guo Zheng Quan Bao·2025-11-03 20:11Core Viewpoint - Major Chinese banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), have suspended certain gold accumulation services due to macroeconomic policy changes and fluctuations in gold prices, indicating a need for risk management adjustments in the banking sector [1][2]. Group 1: Bank Actions - ICBC announced on November 3 that it would temporarily suspend applications for its "Ruyi Gold Accumulation" services, including real-time purchases and physical gold exchanges, due to macro policy impacts [1]. - Later that day, ICBC stated it had resumed accepting applications for its gold accumulation services, allowing customers to manage their investments through various channels [1]. - CCB also announced a suspension of its "Easy Gold" services, including real-time purchases and physical gold exchanges, while existing customers' plans would remain unaffected [2]. Group 2: Market Conditions - The adjustments by banks are attributed to recent announcements from the Ministry of Finance and the State Administration of Taxation regarding changes in gold-related tax policies, necessitating operational adjustments [2]. - Additionally, global economic conditions have led to significant fluctuations in international gold prices, increasing market risks and uncertainties [2]. Group 3: Investment Thresholds - In response to the volatile gold market, some banks have raised the minimum investment thresholds for gold accumulation services. For instance, ICBC increased its minimum investment from 850 yuan to 1000 yuan starting October 13 [2]. - Similarly, Industrial Bank announced a change in its investment threshold from 1000 yuan to 1200 yuan for certain gold accumulation products [2]. Group 4: Risk Management - Banks have issued warnings to investors regarding the heightened risks associated with gold investments due to increased price volatility since October [3]. - Both ICBC and CCB have advised customers to enhance their risk awareness and manage their investment positions carefully in light of the current market conditions [3].