Core Viewpoint - Recently, Shanghai Pudong Development Bank's Beijing branch successfully launched its first "gold leasing + hedging" business, leveraging the advantages of its "Puyin Hedging" product to assist a leading domestic gold producer in risk management, thereby achieving a win-win situation for both the bank and the enterprise while expanding the bank's service depth and breadth in the gold industry [1] Group 1 - In the first half of 2025, gold prices are expected to fluctuate upward due to multiple factors, prompting the need for stable operations among gold enterprises [1] - The Beijing branch of Shanghai Pudong Development Bank has tailored a "gold leasing + hedging" service plan for enterprises, combining physical gold leasing with derivative hedging tools to help companies lock in future costs and avoid losses from price fluctuations [1] - This year, the Beijing branch has executed multiple transactions, including "Puyuantong" bulk commodity derivative hedging trades and "Pushangyin" warehouse receipt derivative hedging trades, enhancing customer experience through innovative transaction structures that precisely match clients' hedging needs [1]