Core Viewpoint - The People's Bank of China has implemented new regulations requiring reporting of cash transactions exceeding 100,000 RMB or equivalent foreign currency in the gold and diamond sectors, effective from August 1, 2025, to combat money laundering and terrorist financing [1][3][4]. Summary by Sections Regulatory Framework - The new "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing in Precious Metals and Gemstone Industries" aims to establish a systematic regulatory framework to mitigate risks associated with money laundering and terrorist financing in these sectors [3][4]. Reporting Requirements - The threshold for submitting large transaction reports has been raised from 50,000 RMB to 100,000 RMB, affecting a wide range of precious metals and gemstone businesses [4][5]. - Institutions must report any cash transaction of 100,000 RMB or more within five working days to the Anti-Money Laundering Monitoring and Analysis Center [6]. Client Due Diligence - Institutions are required to follow the "Know Your Customer" principle, conducting due diligence based on customer characteristics and transaction nature, particularly for transactions meeting the reporting threshold [4][6]. - Customer identity verification must be conducted using reliable documents, and records must be retained for at least ten years after the business relationship ends [6]. Risk-Based Approach - The regulatory framework adopts a risk-differentiated strategy, imposing stricter measures on high-risk institutions while allowing simplified or exempted measures for low-risk entities [4].

上海黄金交易所黄金T+D 7月3日（周四）早盘盘初上涨0.12%报773.5元/克； 上海黄金交易所白银T+D 7月3日（周四）早盘盘初上涨0.61%报8805.0元/千克。 黄金延期 白银延期 ...

Regulatory Changes - The People's Bank of China has issued new regulations requiring reporting of cash transactions exceeding 100,000 RMB or equivalent foreign currency in the precious metals and gemstones sector, effective from August 1, 2025 [3][4][8] - The regulations aim to establish a systematic regulatory framework to prevent money laundering and terrorist financing risks in the precious metals and gemstones trading sector [5][6] Compliance Requirements - Institutions must conduct customer due diligence based on the risk status of the customer before or after transactions, especially for cash transactions of 100,000 RMB or more [5][6] - A full-process management system is mandated, requiring institutions to establish internal controls for anti-money laundering, designate responsible personnel, and conduct regular risk assessments [6][8] Record Keeping and Reporting - Transaction records must be retained for at least 10 years, and any suspicious transactions, regardless of amount, must be reported promptly [7][8] - Institutions are required to submit large transaction reports within five working days of the transaction occurring [8] Market Trends - International gold prices have risen over 25% in the first half of 2025, driven by safe-haven demand and central bank purchases [9][10] - Experts predict that gold prices will continue to experience upward momentum due to ongoing geopolitical tensions and a weakening dollar [9][11]

Core Insights - The Shanghai Gold Exchange reported an increase in gold T+D prices, closing at 774.92 yuan per gram, reflecting a rise of 0.3% on July 2 [1] - The silver T+D prices also saw an increase, closing at 8828.0 yuan per kilogram, with a rise of 0.87% on the same day [1] Gold Market - Gold T+D prices increased by 0.3% to 774.92 yuan per gram on July 2 [1] Silver Market - Silver T+D prices rose by 0.87% to 8828.0 yuan per kilogram on July 2 [1]

Core Viewpoint - The new regulations implemented by the People's Bank of China on August 1 aim to strengthen anti-money laundering measures in the precious metals sector, marking a significant upgrade in the financial regulatory framework in China [1][3]. Group 1: Regulatory Changes - The reporting threshold for large cash transactions has been raised from 50,000 to 100,000 yuan, which appears to be a relaxation but is actually a tightening of regulations [3]. - Precious metals transactions, particularly gold, have been identified as tools for money laundering, prompting the need for stricter compliance measures [3][4]. - Businesses in the precious metals sector are now required to establish customer due diligence systems, documenting identity information for transactions over 100,000 yuan [3][4]. Group 2: Impact on Industry - The new regulations are expected to disproportionately affect small and medium-sized enterprises, which will face increased compliance costs and operational changes [3][5]. - The transition to a more regulated environment may lead to industry consolidation, as smaller players may struggle to meet the new compliance requirements [3][5]. - The implementation of these regulations is seen as a precursor to the future rollout of digital currency in China, enhancing the transparency of cash transactions [4][5]. Group 3: Future Outlook - The regulatory changes may lead to the emergence of new business models, such as "gold exchanges + blockchain," as the industry adapts to the new compliance landscape [5]. - The overall goal of these regulations is to modernize China's financial governance capabilities, ensuring that the precious metals market evolves from a less regulated environment to a more structured and compliant one [5].

Group 1 - The Shanghai Gold Exchange's gold T+D rose by 0.11% to 773.4 yuan per gram on July 2 [1] - The Shanghai Gold Exchange's silver T+D increased by 0.32% to 8780.0 yuan per kilogram on July 2 [1]

在贵金属交易的进阶赛道上，VIP身份≠虚荣标签，而是突破收益天花板的核心武器！巨富金业（香港黄金交易所AA类229号行员）重磅推出VIP账户升级计 划：每手交易点差低至$15（额外回赠$3）、50手灵活交易上限、24小时专属客服……8大特权构建"低成本+强服务"交易体系，为高净值投资者定制财富超 车方案！ | | 账户介绍 | | | --- | --- | --- | | 伦敦金/伦敦银 | VIP账户 | 标准账户 | | 入金标准 | $8,800 | 激活账户 | | 伦敦金/银点差 | 标准点差 GOLD $20/手 SILVER $100/手 | 标准点差 GOLD $20/手 SILVER $100/手 | | 点差额外回赠 | 额外回赠$3/手 | × | | 最低交易手数 | 0.01-50手 | 0.01-20手 | | 生日福利 | > | × | | 分析师座谈会 | > | × | | 定制化交易工具 | > | × | | 每日早晚报 | > | × | | 高级市场分析周报/月报 | > | × | | 尊享入金通道 | > | × | | 尊享优先出金服务 | 出金最快30分钟 ...

近日，中国人民银行发布"中国人民银行关于印发《贵金属和宝石从业机构反洗钱和反恐怖融资管理办 法》的通知（银发〔2025〕124号）"（以下简称《办法》）。 其中提到，从业机构开展人民币10万元以上（含10万元）或者等值外币现金交易的，应当根据《办法》 规定履行反洗钱义务。客户单笔或者日累计金额人民币10万元以上（含10万元）或者等值外币现金交 易，从业机构应当勤勉尽责，遵循"了解你的客户"原则，根据客户特征和交易活动的性质、洗钱风险状 况，开展客户尽职调查。 客户单笔或者日累计金额人民币10万元以上（含10万元）或者等值外币现金交易的，从业机构应当按照 规定在交易发生之日起5个工作日内向中国反洗钱监测分析中心提交大额交易报告。 贵金属交易存在交易金额大、现金交易比例高等特点，国际社会普遍将其视为洗钱和恐怖融资高风险领 域。上述《办法》自2025年8月1日起正式施行，旨在通过建立系统化监管框架，防范贵金属与宝石交易 领域的洗钱及恐怖融资风险。 《办法》明确，贵金属是指黄金、白银、铂金等及其铸币、标准条锭、制品、中间产品和精炼后的原材料 等；宝石是指钻石、玉石等天然宝石的各类原材料及首饰、制品实物形态。《办法》要 ...

上海黄金交易所黄金T+D 7月2日（周三）收盘上涨0.29%报770.22元/克； 上海黄金交易所白银T+D 7月2日（周三）收盘上涨0.14%报8738.0元/千克。 黄金延期 白银延期 ...

Core Insights - The non-farm payroll (NFP) data release schedule for 2025 is crucial for investors, as it significantly impacts the gold market, especially amid current Federal Reserve monetary policy adjustments [1] - Understanding the economic logic and transmission mechanisms behind the NFP report is key to enhancing investment success rates [1] Group 1: NFP Data Release Schedule - The NFP data will be released on specific dates in 2025, with the first release on January 10 at 21:30 for December data [2] - Subsequent releases will occur on February 7, March 7, April 4, May 2, June 6, July 3, August 1, September 5, October 3, November 7, and December 5, with the July release moved to Thursday due to the Independence Day holiday [2] Group 2: Trading Strategies - Investors should focus on three key time points around the NFP release: 30 minutes before the release, 15 minutes after the release, and 1 hour after the release to gauge market reactions [1] - For risk-averse investors, it is advisable to close positions before the data release and wait for clearer trends, while experienced traders can leverage short-term volatility through buying or selling gold products [1] - The platform, Lingfeng Precious Metals, offers real-time information and trading services to help investors navigate market fluctuations following the NFP data release [2]