Core Viewpoint - The dramatic fluctuations in the "Ruyi Gold" investment service by Industrial and Commercial Bank of China (ICBC) reflect the rapid adjustments banks must make in response to new tax regulations and market risks [2][3][4][7] Group 1: Policy Changes - The trigger for the business suspension was the announcement of new tax policies by the Ministry of Finance and the State Administration of Taxation regarding gold [3] - Following the new regulations, ICBC and China Construction Bank quickly announced the suspension of new account openings, active accumulation, and physical withdrawals for their gold investment services [3] - The implementation of the new tax policy necessitated complex system modifications and adjustments in business processes, prompting banks to take temporary measures to avoid compliance risks [3] Group 2: Market Risks - The changing market environment, including increased volatility in international gold prices and geopolitical tensions, has intensified the pressure on banks to adjust their gold business [4] - Banks are tightening their gold business, particularly services involving physical withdrawals, to mitigate risks associated with inventory management and price fluctuations [4] - The announcements from ICBC and China Construction Bank are seen as proactive defenses against market risks [4] Group 3: Business Recovery - ICBC's rapid restoration of services within hours indicates its flexibility in responding to policy changes [5] - Analysts suggest that the swift recovery may imply that the bank completed necessary system tests and compliance evaluations quickly to ensure smooth operations under the new policy [5] - As a significant player in the domestic gold business, ICBC may have received clearer execution guidelines during policy communications, allowing for quick strategic adjustments [5] Group 4: Investor Considerations - The incident serves as a reminder for investors to be aware of the dual risks posed by policy changes and market conditions in gold investments [6] - Adjustments in tax policies may affect holding costs, while changes in bank operations could lead to decreased transaction convenience [6] - Investors should pay closer attention to the compliance capabilities and risk management levels of banks when selecting gold accumulation products [6] Group 5: Conclusion - The one-day reversal of ICBC's "Ruyi Gold" service highlights the dynamic balance between financial regulation and market practice [7] - The introduction of new tax policies forces banks to adapt quickly, while existing market risks may lead to potential business contractions [7] - The adaptability of banks and the risk awareness of investors are both crucial in this evolving landscape, with future adjustments in the gold market anticipated as policy details become clearer [7]

Core Viewpoint - The recent suspension of gold-related services by major banks, including Industrial and Commercial Bank of China (ICBC) and China Construction Bank (CCB), is a response to new tax policies affecting the gold market, leading to significant fluctuations in gold prices and impacting retail businesses [1][3][4]. Group 1: Bank Operations - ICBC and CCB announced the suspension of certain gold investment services on November 3, 2025, due to market volatility and risk management requirements [3][8]. - ICBC quickly resumed its "Ruyi Gold" accumulation services within a day after the initial suspension, indicating a rapid response to customer demand [4][10]. - CCB's announcement regarding the suspension of its "Easy Storage Gold" services was not found on its official website at the time of reporting, suggesting a lack of communication or updates [3][10]. Group 2: Market Reactions - Following the announcement of the new tax policies, shares of several gold and jewelry retailers, including Chao Hong Ji and Chow Tai Fook, experienced significant declines, with losses of nearly 10% for some companies [3][4]. - The price of gold in the Shenzhen Shui Bei market surged dramatically, with prices rising from approximately 930 yuan per gram to over 996 yuan per gram within hours on November 3, 2025 [18][19]. Group 3: Tax Policy Impact - The new tax policy, effective from November 1, 2025, exempts value-added tax (VAT) on standard gold transactions through designated exchanges until December 31, 2027, but imposes VAT on physical gold transactions outside these exchanges [4][12]. - The policy is expected to increase procurement costs for retailers by approximately 7%, leading to price adjustments for gold products [14][19]. - Retailers like Chow Tai Fook have already begun adjusting their prices in response to the new tax regulations, with significant price increases reported [15][19].

Core Insights - Industrial and Commercial Bank of China (ICBC) has suspended its "Ruyi Gold" accumulation business due to macroeconomic policy impacts, leading to a rush in physical gold purchases, with various specifications sold out within minutes [1][3][6] Group 1: ICBC's Business Changes - ICBC announced the suspension of new applications for "Ruyi Gold" accumulation, effective from November 3, 2025, while existing plans remain unaffected [3] - The bank has resumed accepting applications for "Ruyi Gold" accumulation after a brief suspension [7] Group 2: Market Reactions - The gold market saw a significant price increase, with local prices for 999 and 9999 gold rising from 926 CNY per gram to 985 CNY per gram, an increase of 59 CNY per gram [7] - In Shenzhen's Shui Bei market, some gold prices exceeded 1000 CNY per gram, reflecting adjustments by merchants in response to supplier price changes [8] Group 3: Tax Policy Impact - The first working day of the new gold tax policy saw a collective drop in Hong Kong-listed gold retail brands, with declines of over 7% for major players like Chow Tai Fook and Luk Fook [2][11][12] - Specific declines included Luk Fook down 8.52%, Chow Tai Fook down 7.69%, and others experiencing similar downturns [12]

Group 1 - The Industrial and Commercial Bank of China (ICBC) has suspended its "Ruyi Gold" accumulation business, affecting account openings, accumulation, and physical gold withdrawal applications due to macroeconomic policy impacts [2][9] - Various specifications of physical gold bars were sold out within minutes, with reports of customers only managing to purchase a 200g gold bar valued at 185,000 yuan [2][9] - The market for gold has seen significant price increases, with the price of 999 and 9999 gold rising from 926 yuan and 936 yuan per gram to 985 yuan and 995 yuan per gram, respectively, reflecting a rise of 59 yuan per gram [11][12] Group 2 - The Ministry of Finance and the State Taxation Administration announced new tax policies for gold transactions, exempting value-added tax for certain transactions involving standard gold [7] - Other banks, such as China Construction Bank and Bank of Communications, have also adjusted their gold accumulation rules in response to market changes, with minimum investment amounts now tied to real-time gold prices [11] - The gold jewelry market is experiencing price adjustments, with brands like Chow Tai Fook increasing their prices for both jewelry and investment gold [12]

Group 1: Gold Tax Policy and Market Impact - The new gold tax policy announced by the Ministry of Finance and the State Taxation Administration has led to adjustments in gold pricing, with China Merchants Bank including tax in the price of physical gold bars [1] - The announcement of the tax policy has negatively impacted retail gold stocks, with companies like Luk Fook Holdings experiencing a drop of nearly 9% in stock price [4] - The policy aims to enhance the distinction between gold as a commodity and its financial attributes, indicating a supportive stance towards the gold industry compared to international markets [4] Group 2: Aluminum and Glass Market Trends - Aluminum prices have surged, reaching their highest closing price since May 2022, with a monthly increase of over 7% in October [1] - The domestic photovoltaic glass market is facing an increase in production capacity, with new furnaces being activated, leading to a slight increase in supply despite some production constraints [2] Group 3: Company Developments and IPOs - Shukong Technology, a unicorn in AI medical imaging, is preparing for an IPO, with a valuation reaching 9.4 billion yuan after its last funding round [2] - Juhua Materials is planning to issue H-shares and list on the Hong Kong Stock Exchange, with details still under discussion [6] - Several companies, including Keren Co. and Pingzhi Information, have signed significant procurement contracts, indicating active business operations in their respective sectors [10][11] Group 4: Retail and Store Closures - Zhou Dashing has reported a net closure of 560 stores over the past year, primarily in franchise locations, despite rising gold prices [5]

Core Viewpoint - Industrial and Commercial Bank of China (ICBC) has announced a suspension of certain "Ruyi Jin" accumulation business applications, which has attracted attention from customers and the market [1] Group 1: Announcement Details - ICBC's customer service confirmed the authenticity of the announcement, stating that existing customers are not affected during the validity period [1] - The current status of "Ruyi Jin" withdrawals will depend on actual operations, and there is no indication that the related business will remain suspended indefinitely [1] Group 2: Operational Changes - A branch in a first-tier city reported that both mobile banking and counter services have suspended the "Ruyi Jin" accumulation business, and physical gold withdrawals at the counter are currently not available [1] - The period of suspension is described as a transition phase, with the possibility of resuming services in the future, allowing customers to perform related operations once resumed [1]

有地方客户反映，目前手机银行和柜台都已暂停”如意金”积存业务，柜台无法进行"如意金"实物黄金提取。有工行柜台称之后可能会恢复，这几天是过渡期，恢复后可进行相关操作。 ...

你好啊，我是小舟姑娘。 起初我和猪队友买金条时用的还是笨办法，就是跑银行柜台一家一家去问。 那一下午我们跑了四五家银行，每家的金价都不一样，但还是有收获的，我们基本摸清楚了购买方法。 有个热心柜姐建议我俩直接在app上买贵金属积存，等攒到一定克数，再联系银行提取。 没想到在银行买金条也藏着这么多门道，今天就来总结下银行买金条的实用小 tips，感兴趣的小伙伴可以点赞+关注，避免用到的时候就找不到了。 1、选择哪家银行购买？ 每家银行的金条叫法都不一样，例如，工商银行的金条叫如意金，农行的金条叫传世金，建行的金条叫建行金，招行的金条叫招行金，邮政的金条叫邮储 金…… 银行其实也是个二手贩子，它本身并不生产金条，它的金条是委托贵金属生产企业代加工的，银行为了挣差价再转手卖给咱们。 至于价格，每家银行的都不一样，想要知道某个银行当日的金价，不用像我和猪队友那样趟趟跑，可以直接打银行电话，或者在银行app上查询。 例如，今天的上海金价是942.2元/克，这是国内黄金的裸金价格。 查询方法：微信-腾讯理财通小程序-首页点黄金-国内现货价格。 今天建行金的价格是956.7元/克，招行金的价格是958.8元/克，农行传世金 ...

Group 1: Gold Price Trends - On September 5, international gold prices fell to $3530 per ounce, a decrease of nearly $31 from the previous day [1] - Domestic gold prices also dropped, with real-time prices falling to 806.1 yuan per gram [1] - The recycling prices for various gold types decreased, with 18K gold at approximately 573 yuan per gram and 14K gold at around 443 yuan per gram [1] Group 2: Retail Gold Prices - Major gold retailers like Chow Tai Fook and Chow Sang Sang maintained high prices, with gold priced at 1060 yuan and 1062 yuan per gram respectively [1] - There are significant price differences among retailers in the same city, with prices ranging from 1012 yuan to 1060 yuan per gram [1] - Banks offer gold bars as investment options, with prices varying from 634 yuan to 835 yuan per gram [1] Group 3: Market Dynamics and Predictions - The recent drop in gold prices is viewed as a normal correction after a 36% increase earlier this year [3][10] - Factors contributing to the gold price increase include potential U.S. interest rate cuts and global economic instability [3][4] - Major financial institutions like Morgan Stanley and UBS predict significant future increases in gold prices, with targets of $3800 and $3700 per ounce respectively [8][9]

Core Viewpoint - The article discusses the recent crackdown on online rumors by the Ministry of Public Security in China, highlighting the "ICBC fake gold bar" rumor case as a significant example of misinformation that impacted public perception and the operations of related institutions [2][5]. Group 1: Incident Overview - The "ICBC fake gold bar" rumor originated from an individual named Chen, who spread false information on a short video platform claiming that gold bars purchased from the Industrial and Commercial Bank of China (ICBC) contained impurities [5]. - The rumor misled many internet users and affected the normal operations of the bank, prompting legal action against the individual responsible for the misinformation [5][6]. Group 2: Bank's Response - ICBC's Shanghai Jiading Branch issued a statement clarifying that the gold bars in question were tested and confirmed to have a gold content of 99.99%, indicating no quality issues [7]. - The bank explained that the suspected impurities were merely external attachments that had fallen off after professional cleaning, a conclusion that was accepted by the customer involved [7].