Group 1 - The core viewpoint of the article is the release of the "Gold Old-for-New Business Service Specification" standard, which aims to regulate the gold exchange business in China, addressing issues like pricing ambiguity and lack of transparency in gold testing [1][2] - This standard is the first of its kind in China's gold and jewelry industry, filling a gap in service standards for the old-for-new business, and signifies a shift towards a more standardized, professional, and transparent development phase [1][2] - The standard requires businesses engaged in gold exchange to have legal qualifications, pay taxes, and fulfill anti-money laundering obligations, while staff must undergo professional training before being allowed to work [1][2] Group 2 - The standard establishes a multi-faceted governance system that includes policy guidance, standard constraints, corporate self-discipline, and consumer supervision, enhancing consumer rights and protections [2] - It aims to create a closed-loop for gold recycling and new product sales, injecting new momentum into gold consumption [2] - The standard also emphasizes compliance with anti-money laundering and information security requirements, contributing to the sustainable and healthy development of the industry [2]

Core Viewpoint - The release of the "Standards for Gold Exchange and Upgrade Services" marks a significant step towards the standardization, professionalization, and transparency of the gold exchange and upgrade business in China [1] Group 1: Industry Standards - The new group standard comprehensively regulates the gold exchange and upgrade business, covering aspects such as enterprise qualifications, management practices, service personnel, and equipment requirements [1] - This standard aims to enhance the operational framework and service quality within the gold exchange sector [1]

Core Viewpoint - The release of the "Gold Old-for-New Business Service Specification" marks a significant step towards standardization and transparency in China's gold jewelry industry, addressing long-standing issues such as unclear pricing and inconsistent loss standards [2][4]. Group 1: Background and Market Trends - The demand for gold old-for-new services is increasing, with related consumption accounting for approximately 20% of the national gold jewelry consumption [2]. - Rising gold prices, projected to reach new highs by 2025, have prompted consumers to sell idle gold assets to capitalize on high market values [2]. - The emergence of diverse recovery channels, including online platforms and gold ATMs, has made it easier for consumers to recycle gold, thereby lowering barriers to entry [2]. Group 2: Industry Challenges - Current "old-for-new" mechanisms often disadvantage consumers, as many brands calculate the buyback price based on weight, leading to significant value discrepancies between purchase and resale [3]. - The lack of a closed-loop recovery system that matches brand premiums with buyback prices raises consumer concerns about the fairness of transactions [3][4]. Group 3: Impacts of the New Specification - The new specification clarifies the boundaries for business operators, setting requirements for compliance, technical equipment, and financial security, which can guide small and medium enterprises towards compliant operations [4]. - It aims to resolve industry chaos by detailing service processes, thereby addressing issues like unclear pricing and non-transparent gold testing, which protects consumer rights [4]. - The specification enhances overall industry credibility by establishing complaint handling mechanisms, reducing consumer disputes, and fostering trust in gold recovery services, which can lead to healthy growth in the industry [4].

Core Viewpoint - The release of the "Gold Old-for-New Business Service Specification" marks a significant step towards standardization and transparency in China's gold recycling industry, addressing long-standing issues such as unclear pricing and inconsistent loss standards [3][5]. Group 1: Background and Market Trends - The demand for gold recycling is increasing, with related consumption accounting for approximately 20% of the national gold jewelry consumption [3]. - Rising gold prices in 2025 have led consumers to sell idle gold assets to capitalize on high market values [3]. - The emergence of diverse recycling channels, including online platforms and gold ATMs, has made it easier for consumers to recycle gold, thereby lowering barriers [3]. Group 2: Impacts of the New Standard - The new specification clarifies the boundaries for business operators, establishing compliance requirements for qualifications, technology, and financial security, which can guide small and medium enterprises towards compliant operations [5]. - It aims to resolve industry chaos by detailing service processes, thus addressing issues like unclear pricing and gold testing, and ensuring consumer rights are protected [5][6]. - The specification is expected to enhance the overall credibility of the industry by establishing complaint handling mechanisms, which can reduce consumer disputes and increase trust in gold recycling services [5][6]. Group 3: Recommendations for Brands - Brands are encouraged to create a closed-loop recycling system to address the value disparity between purchasing and recycling, which can enhance consumer trust [4][5]. - Suggestions include implementing mechanisms like "original brand depreciation buyback" and "craft fee deductions" to mitigate premium losses and improve customer loyalty [5].