Zhong Guo Zheng Quan Bao·2025-11-03 20:24Core Viewpoint - Major state-owned 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][3]. Group 1: Business Adjustments - ICBC announced the suspension of its "Ruyi Gold Accumulation" services, including real-time purchases and physical gold exchanges, effective November 3, but later restored these services on the same day [1][2]. - CCB also suspended its "Easy Storage Gold" services for real-time purchases and physical gold exchanges, while existing customers' plans remain unaffected [2][3]. - Banks are raising investment thresholds for gold accumulation services; for instance, ICBC increased the minimum investment from 850 yuan to 1000 yuan, while other banks like Industrial Bank and Bank of Communications have also adjusted their purchasing rules [3]. Group 2: Market Conditions - The recent adjustments by banks are attributed to new tax policies on gold and significant fluctuations in international gold prices, which have increased market risks and uncertainties [3]. - The volatility in gold prices has prompted banks to issue risk warnings, advising investors to be cautious and manage their positions effectively [4]. Group 3: Investor Guidance - Banks have been actively reminding investors to enhance their risk awareness and to rationally control their investment positions in light of the increased volatility in gold prices [4]. - Experts suggest that while short-term adjustments in gold prices may occur, there remains potential for a rebound in the medium to long term [5].