Group 1 - The internet celebrity "Chai Dui Dui" (real name Chai Xiangqian) and others are under investigation by the police for allegedly producing and selling counterfeit products [1][2] - Initial investigations revealed that over 30 jade products were appraised, with prices ranging from 30 to 500 yuan, and 15 of these were identified as "dyed Hetian jade" [2] - Chai Dui Dui and his wife were detained on September 8 and subsequently arrested on September 9 [2] Group 2 - In April, Chai Dui Dui publicly criticized another internet celebrity, "Fat Donglai," claiming he profited excessively from jade at low costs and disparaged the quality of his products [4] - On May 14, "Fat Donglai" responded to the controversy, stating that individuals like Chai Dui Dui, who spread falsehoods, represent a disgrace to society [5] - In July, it was reported that Chai Dui Dui's accounts on various social media platforms were closed for maliciously defaming a company's product quality without evidence [7]

（文/霍东阳 编辑/张广凯） 曾发布视频质疑胖东来，称其涉嫌"低成本玉石高价销售牟取暴利"而被胖东来告上法庭的网红"柴怼怼"，近日再起风波。 9月10日，据大象新闻报道，柴怼怼（本名柴向前）等人于9月8日被温州市平阳县公安局警方带走调查，案由系涉嫌生产、销售伪劣产品罪。 今年4月，"柴怼怼"发布视频称，胖东来所售玉石"成本仅几百元，售价却高达几千甚至数万元"，并称"胖东来三万元的玉石品质不如其他商家三千元的产 品"，公开贬低胖东来的商品质量，同时宣传自家玉石产品更具性价比。 不过，平阳县市监局相关工作人员曾向媒体透露，今年4月，该局接到了大批关于该祛湿茶的投诉，经过走访调查，发现商家在销售时存在夸大宣传等情 况，目前已按照虚假宣传立案查处，"对于已经销售且未使用的祛湿茶，要求商家对消费者作退货处理。" 7月，柴向前妻子肖某为法人的公司平阳县小丫茶饮因虚假宣传、销售无标签产品等被罚款22万元。 4月25日，胖东来以"商业诋毁"和"名誉权侵权"为由，对柴怼怼正式提起诉讼，向其索赔不低于500万元。胖东来还公布了今年一季度的销售数据，回应称和 田玉在1月至3月期间的销售额为2190万元，毛利率为20%，仅占珠宝部销 ...

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]

Core Viewpoint - The article highlights the deceptive practices of jewelry companies that utilize scripted performances and false advertising to manipulate consumer behavior and drive sales through live streaming platforms [1] Group 1: Company Practices - The company "Wang'er Jewelry" employs multiple live streaming accounts to create competitive pricing scenarios among hosts, which are pre-scripted to stimulate consumer purchases [1] - In the "Baibaifu Jewelry" live stream, an employee pretends to be a foreign jade merchant, using a local dialect to mislead viewers about the authenticity of the products [1] - The company promotes exaggerated claims about the health benefits of their jade products, specifically targeting consumers over 50 years old, suggesting that wearing the jade can detoxify internal organs [1] Group 2: Consumer Manipulation - The live streaming hosts engage in discussions post-broadcast to plan future deceptive performances aimed at further misleading consumers [1] - The scripted nature of the performances and the false claims made during the live streams contribute significantly to the company's financial success [1]

Core Insights - The National Consumer Association reported a significant increase in consumer complaints in the first half of 2025, with a total of 995,971 complaints received, marking a year-on-year growth of 27.23% [1] - The association resolved 509,655 complaints, recovering economic losses amounting to 452 million yuan for consumers [1] - The number of consumer visits and consultations reached 330,000 [1] Group 1: Complaint Trends - Complaints related to jade products have seen a notable increase, with live streaming platforms identified as a major area of concern [2] - Key issues include merchants intentionally hiding product flaws during live sales, misleading consumers about the quality and origin of jade, and inducing off-platform transactions [2] - There are also instances of counterfeit certification documents being sold alongside jade products, and merchants failing to honor after-sales commitments [2] Group 2: Recommendations - The National Consumer Association recommends that relevant authorities enhance regulatory oversight of false advertising in live streaming, particularly regarding misrepresentation of origin, exaggerated value, and counterfeit certification [3] - It suggests that suspected illegal activities should be promptly referred to law enforcement to increase the cost of unlawful operations for offenders [3] - Platforms are advised to strengthen their responsibilities by monitoring keywords related to off-platform transactions and taking action against merchants who engage in such practices [3] - Consumers are encouraged to adhere to the "three no principles": do not engage in off-platform transactions, do not trust verbal promises, and do not make payments to private accounts [3]

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].