Zhong Guo Zheng Quan Bao·2025-11-03 23:05Core 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 improving service quality and adapting to recent changes in gold tax regulations [1][3][7]. Group 1: Service Suspension Details - On November 3, ICBC announced the suspension of its "Ruyi Gold Accumulation" services, including account openings, active accumulation, new periodic accumulation plans, and physical gold withdrawals [4][6]. - 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 [6][8]. - Both banks indicated that the service suspensions are linked to adjustments in response to new tax regulations and increased market volatility in gold prices [7][8]. Group 2: Market Context and Implications - The recent fluctuations in international gold prices have been significant, with a "roller coaster" trend observed since October, prompting banks to issue risk warnings to investors [8]. - ICBC raised the minimum investment amount for its gold accumulation services from 850 yuan to 1000 yuan, reflecting the heightened market risks [8]. - Analysts suggest that the service suspensions are a precautionary measure to enhance investor awareness of risks associated with gold investments, especially in light of the current market uncertainties [7][8].