Core Viewpoint - The jade market in Shifosi Town, Nanyang, Henan, which is one of the largest processing and trading hubs for Hetian jade in China, has become a haven for fraudsters, undermining consumer trust and damaging the industry's reputation [1] Group 1: Market Conditions - The jade and crystal consumption has been rising in recent years, driven by emotional value, aesthetic demand, and high investment and collectible value [1] - However, the prevalence of counterfeit products, including low-quality Qinghai and Han jade being sold as genuine Hetian jade, has created a toxic environment where honest businesses struggle to survive [1] Group 2: Fraud and Consumer Trust - The exposure of a full chain of fraud has shattered consumer confidence, with scripted sales tactics making it difficult for consumers to protect themselves [1] - The industry is facing a vicious cycle where bad practices drive out good ones, leading to a polluted market environment [1] Group 3: Regulatory Challenges - Despite previous exposés, such as the 2022 March 15 Gala revealing issues in the jade market, fraudulent businesses continue to re-emerge under new names, indicating weak regulatory enforcement and low penalties for violations [1] - The intertwining of interests within the industry complicates the enforcement of regulations, allowing fraud to persist [1] Group 4: Industry Outlook - The jade industry must move away from its current murky state towards a clearer, more professional environment to restore its reputation and the trust of consumers [1]

编辑：令文芳 转载请注明央视财经 （央视财经《财经调查》）总台《财经调查》记者应聘进入这家珠宝公司，公司拥有多个直播账号、销 量可观，靠剧本表演和虚假宣传牟利。在"旺尔珠宝"直播间，直播间里几位主播分两派，比着让价，哪 派让价更多，哪派就能拿到价值20亿元的合同订单。然而这只是为了刺激消费者购买产品而提前编好的 剧本。每天直播结束后，主播们还会商量次日如何继续表演坑骗消费者；在"百百福珠宝"直播间，主播 们的剧本更为离谱。一名员工扮成外国玉石商人，以即将回国为由急售玉石，声称货真价实，而所谓 的"外国商人"其实说的就是福建方言而已，"一些本地人都听不懂，更别说其他观众了"。此外，直播间 宣称玉石有疗效，能清五脏六腑的毒素。尤其针对50岁以上人群，因佩戴于颈部可覆盖五脏六腑。这些 夸张剧本与虚假宣传，让该公司赚得盆满钵满...... ...

Core Insights - The article emphasizes the importance of saving money as a source of security and stability for adults, especially as they age [1][7] - It highlights the shift in mindset from seeking freedom to prioritizing financial security and the strategies employed by individuals to save effectively [1][7] Group 1: Saving Strategies - Individual "Wang Dajie" saves 20% of her income every month, treating it as a non-negotiable expense to ensure financial security [3][5] - She utilizes bonuses and performance-related income primarily for savings, initially opting for fixed deposits to control spending habits [3][5] - Wang Dajie has diversified her savings approach by investing in insurance products for long-term value retention [5] Group 2: Additional Income and Cost-Saving Measures - Wang Dajie's side business unexpectedly became a significant source of income during economic downturns, highlighting the importance of multiple income streams [5] - She practices frugality by cooking at home to reduce dining expenses and selling unused items on second-hand platforms to generate extra cash [5][7] - Utilizing gifts and local specialties helps her lower living costs, demonstrating resourcefulness in managing expenses [7] Group 3: Mindset and Attitude Towards Saving - The article conveys that saving money is not just a financial activity but a lifestyle choice that provides peace of mind and confidence in facing life's uncertainties [1][7] - It encourages adopting a "thrifty" mindset, where every penny is managed wisely, contributing to long-term financial growth [7]

Core Viewpoint - The People's Bank of China has officially released the "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing for Precious Metals and Gemstone Practitioners," which will come into effect on August 1, 2025, marking a systematic establishment of anti-money laundering requirements in the precious metals and gemstones trading sector [1][4]. Group 1: Regulatory Framework - The new regulations encompass all domestic institutions engaged in the spot trading of precious metals and gemstones, requiring them to adhere to strict anti-money laundering obligations when cash transactions reach or exceed RMB 100,000 or its equivalent in foreign currency [4]. - The regulations emphasize the importance of "customer due diligence," mandating institutions to effectively identify and verify customer identities and understand the purpose and source of funds for transactions [4][5]. - The People's Bank of China retains the authority to adjust the cash transaction reporting threshold based on changes in money laundering risks, indicating that the current RMB 100,000 standard may not be fixed [4][5]. Group 2: Role of Industry Self-Regulation - Industry self-regulatory organizations, such as the Shanghai Gold Exchange and the China Jewelry Association, are tasked with establishing an "industry anti-money laundering self-regulatory mechanism" under the guidance of the People's Bank of China [4]. - This self-regulatory mechanism will be responsible for developing industry standards, organizing risk alerts and training, coordinating suspicious transaction reporting, and evaluating member institutions [4]. Group 3: Risk-Based Supervision - The regulations adopt a "risk-based" supervisory principle, allowing the People's Bank of China to assess the money laundering risk levels of institutions and implement differentiated regulatory measures [5]. - Institutions are required to establish their own risk assessment mechanisms, conducting comprehensive evaluations at least every three years and performing special assessments before launching new products or services [5]. - Customer due diligence is highlighted as a core defense, requiring institutions to initiate due diligence when cash transactions are suspected of being related to money laundering or when there are doubts about customer identities [5].

Core Viewpoint - The People's Bank of China has implemented new regulations to enhance anti-money laundering measures in the precious metals and gemstones sector, effective from August 1, raising the cash transaction reporting threshold to 100,000 yuan [2][4]. Regulatory Changes - The new regulations require that any cash transaction of 100,000 yuan or more in precious metals and gemstones must be reported to the Anti-Money Laundering Monitoring and Analysis Center [2][4]. - The scope of regulation has expanded to include all entities engaged in the trading of precious metals and gemstones, such as small merchants and wholesalers, even if these activities are secondary to their main business [4][8]. Customer Due Diligence - The customer due diligence (CDD) mechanism has been upgraded, mandating investigations for transactions over 100,000 yuan or if there are reasonable suspicions of money laundering or identity verification issues [5]. Record Keeping and Reporting - The requirements for record-keeping and reporting have been strengthened, with the retention period for customer identity and transaction information extended from five years to ten years [6][8]. Comparison with Previous Regulations - The new regulations have a significantly enhanced anti-money laundering focus compared to previous guidelines, which set the cash transaction reporting threshold at 50,000 yuan [3][8]. - The previous regulations only required reporting for cash transactions of 50,000 yuan or more, while the new regulations encompass the entire supply chain of precious metals and gemstones [8]. Context of Money Laundering - There has been a notable increase in cases of money laundering involving gold and jewelry, particularly in relation to telecom fraud [9]. - Recent law enforcement actions have highlighted the use of gold purchases to "clean" illicit funds, indicating a pressing need for stricter regulations [10].

Core Viewpoint - The People's Bank of China has issued new regulations aimed at enhancing anti-money laundering (AML) measures for precious metals and gemstones trading institutions, effective from August 1 [1][3]. Group 1: Regulatory Changes - The new regulation raises the reporting threshold for cash transactions from 50,000 RMB to 100,000 RMB, expanding the number of precious metals and gemstones businesses subject to regulation [3]. - Precious metals, defined to include gold, silver, platinum, and their various forms, along with gemstones like diamonds and jade, are now under stricter AML obligations [3]. Group 2: Compliance Requirements - Institutions engaged in cash transactions of 100,000 RMB or more must fulfill AML obligations, including customer due diligence and reporting large transactions within five working days to the Anti-Money Laundering Monitoring and Analysis Center [3]. - The regulation emphasizes the "Know Your Customer" principle, requiring enhanced scrutiny in cases of significant cash transactions or suspicion of money laundering activities [3]. Group 3: Impact on Financial Stability - The introduction of these regulations is expected to close loopholes used by criminals for money laundering, thereby contributing to the maintenance of financial order and social stability [4]. - In 2024, the People's Bank of China, in collaboration with other departments, has already made significant progress in combating money laundering, receiving over 11,000 suspicious transaction reports and assisting in the resolution of numerous cases [4].

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].

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 Points - The People's Bank of China has issued the "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing for Precious Metals and Gemstone Practitioners," effective from August 1, requiring practitioners engaged in cash transactions of 100,000 RMB or more to fulfill anti-money laundering obligations [1][2] - The threshold for reporting large transactions has been raised from 50,000 RMB to 100,000 RMB, aligning with international anti-money laundering standards [1][2] - The measures specifically target the precious metals and gemstones sector, which has been identified as a high-risk area for money laundering due to its cash-intensive nature [2] Industry Implications - The measures apply to institutions involved in the spot trading of precious metals and gemstones, including the Shanghai Gold Exchange and the China Gemstone and Jewelry Association, but do not cover futures trading [2] - The regulations aim to enhance customer information management and transaction record retention, thereby curbing hidden money laundering methods such as jewelry design and gold transfer [2] - Experts believe that the new regulations will not significantly hinder normal consumer purchases, as only a small percentage of transactions will require identity verification and transaction purpose disclosure [2]

Core Points - The article discusses the implementation of the "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing in the Precious Metals and Gemstone Industry" by the People's Bank of China, effective from August 1, which aims to strengthen anti-money laundering regulations in this sector [1][2][6] Group 1: Regulatory Changes - The threshold for reporting large cash transactions has been raised from 50,000 RMB to 100,000 RMB, requiring institutions to report any single or cumulative cash transactions that meet or exceed this amount [2][6] - The new regulations apply to all entities engaged in precious metals and gemstones trading within China, regardless of the scale of their operations [2][3] Group 2: Customer Due Diligence - Institutions are required to conduct thorough customer due diligence for cash transactions reaching or exceeding 100,000 RMB, including verifying customer identity and monitoring transaction patterns [3][6] - Records of transactions and customer identity must be retained for at least 10 years after the business relationship ends [3] Group 3: Industry Characteristics and Risks - The precious metals and gemstones industry is identified as a high-risk area for money laundering and terrorist financing due to its high value density, liquidity, and the potential for anonymous transactions [4][6] - Experts emphasize that the new regulations will help fill existing regulatory gaps and enhance financial risk prevention in the industry [4][6] Group 4: Future Implications - The implementation of these measures is seen as a response to international standards and a necessary step to maintain financial security in China [7] - Ongoing attention is needed to ensure compliance among small and medium-sized enterprises and to adapt to evolving money laundering techniques [7]