CM BANK(SH:600036) Zhong Guo Ji Jin Bao·2026-01-13 12:19Core Insights - The surge in gold prices has significantly increased the demand for bank safe deposit box rentals, leading to a shortage in availability, particularly for larger boxes [1][6][9] Group 1: Market Demand - The rising gold prices have prompted many individuals to invest in gold bars and coins, resulting in a high demand for safe deposit boxes to store these assets [2][6] - As of early 2025, gold prices have increased by approximately 68%, while silver prices have surged by about 148%, driving consumer interest in purchasing gold [6][9] - The World Gold Council reported a 3% year-on-year increase in global gold demand, reaching a historical high of 1313 tons in Q3 2025 [6] Group 2: Rental Availability - Many banks, including major institutions like China Merchants Bank and Shanghai Pudong Development Bank, have implemented asset thresholds for safe deposit box rentals, often requiring clients to have financial assets exceeding 500,000 to 1,000,000 yuan [2][3] - In some regions, such as Shenzhen, there are reports of over 8000 safe deposit boxes being fully rented, with clients facing wait times of up to 5-6 years for availability [2][6] Group 3: Rental Pricing - The rental fees for safe deposit boxes vary, with small boxes typically costing between 200 to 500 yuan annually, while larger boxes can range from 1000 to 3000 yuan [5][6] - The rental process often requires clients to bind the rental to their debit cards, leading to automatic renewals and limited turnover of boxes [8] Group 4: Future Outlook - Analysts predict that if gold and silver prices remain high, the demand for bank safe deposit boxes will continue to grow, driven by an increasing number of high-net-worth individuals seeking secure asset storage [9] - The growth of high-net-worth individuals in China, now totaling 470,000, is expected to further drive the demand for safe deposit boxes as they shift their investment focus towards gold [9]