Zhong Guo Zheng Quan Bao·2025-11-04 00:34Core 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, 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 Industrial Bank raised its threshold from 1000 yuan to 1200 yuan [3]. Group 2: Market Conditions - The adjustments in banking services are attributed to recent announcements from the Ministry of Finance and the State Administration of Taxation regarding gold tax policies, necessitating banks to adapt their systems and operations [3]. - Global economic conditions have led to significant fluctuations in international gold prices, increasing market risks and uncertainties [3][4]. Group 3: Investor Guidance - Banks have issued warnings to investors about the heightened volatility in gold prices, advising them to manage their investment positions carefully and consider their financial situations and risk tolerance [4]. - Investment experts suggest that while short-term gold prices may face downward pressure, there is potential for a rebound in the medium to long term [5].