三、实物金目标攒 2026年2月14日（周六）存量业务停止办理定投、购买、赎回及提金操作，2026年2月24日（周二）恢复 服务。 四、个人实盘外汇买卖交易业务、个人双向外汇买卖交易业务 2026年2月14日（周六）05:00闭市，2026年2月16日（周一）08:00开市。 2月10日，招商银行股份有限公司发布通告，根据2026年春节期间国内外金融市场假期安排，该行部分 个人贵金属及个人外汇交易业务的交易时间相应调整如下： 一、个人黄金账户业务 2026年2月14日（周六）02:00闭市，2026年2月24日（周二）09:10开市。 二、招行金生利业务 2026年2月14日（周六）停止办理赎回及提金操作，2026年2月24日（周二）恢复服务。 五、个人实盘纸黄金白银、个人纸贵金属双向交易(双向纸黄金白银)业务 2026年2月21日（周六）05:00闭市，2026年2月23日（周一）08:00开市。 （个人双向外汇买卖交易业务已停止新开仓，仅限持仓客户的平仓交易） 2026年2月14日（周六）05:00闭市，2026年2月16日（周一）08:00开市。 2026年2月21日（周六）05:00闭市，2026年2 ...

Core Viewpoint - Recent adjustments by major state-owned banks in China, including Agricultural Bank of China and Industrial and Commercial Bank of China, to increase the risk assessment requirements for gold accumulation business reflect a proactive approach to risk management in response to rising gold prices and market volatility [1][2]. Group 1: Changes in Risk Assessment Requirements - Agricultural Bank of China announced that starting January 30, 2026, personal clients must undergo a risk assessment to participate in its gold accumulation business, requiring a cautious rating or higher [1]. - Industrial and Commercial Bank of China previously set a requirement for clients to achieve a balanced rating or higher for opening accounts and initiating gold accumulation plans [1]. Group 2: Rationale Behind the Changes - The increase in risk assessment requirements aims to protect investors from irrational investment risks and to comply with regulatory demands for investor suitability management [2]. - The adjustments are seen as a rational risk control measure by financial institutions, reinforcing investor protection and reducing potential complaints related to price volatility [2]. Group 3: Market Positioning of Gold Accumulation Products - Some banks, like China Merchants Bank, are positioning their gold accumulation products as medium-risk investments, indicating a shift from low-threshold financial products to those requiring appropriate risk tolerance [3]. - The industry is moving towards enhancing the quality of gold accumulation business rather than merely expanding its scale, emphasizing the need for risk matching and compliance management [3].

Core Viewpoint - China Merchants Bank (招商银行) announced trading time adjustments for personal precious metals and foreign exchange transactions during the Qingming Festival and International Easter holidays in 2025 [1] Group 1: Qingming Festival Holiday - Personal gold account business will close at 24:00 on April 3, 2025, and reopen at 09:00 on April 7, 2025 [2] - The "Gold Growth" business will stop purchases, redemptions, and gold withdrawal operations starting April 4, 2025, and will resume on April 7, 2025 [3] - The physical gold target savings will halt regular investment, purchases, redemptions, and gold withdrawal operations from April 4, 2025, resuming on April 7, 2025; however, the target savings plan will not be affected by the holiday [4] - Personal spot foreign exchange trading and two-way foreign exchange trading will close at 05:00 on April 5, 2025, and reopen at 08:00 on April 7, 2025; new positions for two-way foreign exchange trading have been stopped, allowing only existing positions to be closed [5] - Personal spot paper gold and silver, as well as two-way paper precious metals trading, will close at 05:00 on April 5, 2025, and reopen at 08:00 on April 7, 2025; new positions have been stopped, allowing only existing positions to be closed [5] - The "Hedging Bullion" business will stop redemptions and gold withdrawal operations starting April 4, 2025, and will resume on April 7, 2025 [5] Group 2: International Easter Holiday - Personal gold account business will close at 15:30 on April 18, 2025, and reopen at 09:00 on April 21, 2025 [6] - The "Gold Growth" business will stop purchases, redemptions, and gold withdrawal operations starting April 18, 2025, and will resume on April 21, 2025 [7] - The physical gold target savings will halt regular investment, purchases, redemptions, and gold withdrawal operations from April 18, 2025, resuming on April 21, 2025; the target savings plan will not be affected by the holiday [8] - Personal spot foreign exchange trading and two-way foreign exchange trading will close at 05:00 on April 19, 2025, and reopen at 08:00 on April 21, 2025; new positions for two-way foreign exchange trading have been stopped, allowing only existing positions to be closed [9] - Personal spot paper gold and silver, as well as two-way paper precious metals trading, will close at 05:00 on April 18, 2025, and reopen at 08:00 on April 21, 2025; new positions have been stopped, allowing only existing positions to be closed [9] - The "Hedging Bullion" business will stop redemptions and gold withdrawal operations starting April 18, 2025, and will resume on April 21, 2025 [10]