建行再调积存金规则，买卖点差不再固定

Core Viewpoint - The recent adjustments in gold accumulation business by major Chinese banks, particularly China Construction Bank, reflect a shift towards enhanced liquidity management and transparency in trading practices for personal investors, amidst rising gold prices. Group 1: Adjustments in Gold Accumulation Business - China Construction Bank announced changes to its personal gold accumulation business, effective November 15, 2023, including an increase in the minimum investment amount from 1000 RMB to 1500 RMB [1] - This marks the fourth adjustment of the year for the bank's gold accumulation rules, which have included extended trading hours and previous increases in minimum investment amounts [1] - The new rules aim to improve liquidity management and transparency in customer communication [1] Group 2: Trading Quotation Mechanism Optimization - The core change in the new rules is the optimization of the trading quotation mechanism, which includes clarifying quotation adjustment authority and explaining the causes of buy-sell spreads [2][4] - The new version specifies that buy-sell spreads are no longer fixed and can be adjusted based on market conditions, trading positions, and liquidity [4] - The adjustments to buy-sell spreads do not require prior announcement, and the spread may differ between buying and selling transactions [4] Group 3: Changes in "Large Redemption" Rules - The new rules introduce the concept of "net redemption," which calculates the total redemption requests minus new accumulation, providing a more accurate reflection of liquidity pressure [5][7] - The threshold for "large redemption" is defined as exceeding 20% of the previous day's total accumulation balance, which is a shift from the previous method that only considered total redemption requests [6][7] - The new rules clarify that banks can refuse only the excess portion of redemption requests that exceed the threshold, allowing for partial processing of requests [7]