On October 28, Caixin reported that gold continues to rise, prompting more and more banks to launch new businesses.

Ping An Bank announced recently that to further promote business development, they will introduce new service charges for their life gold business, which will be implemented on January 25 next year. It is worth noting that previously, other state-owned banks reactivated physical gold allocate investment business after a two-year hiatus.

Ping An Bank will introduce new gold business fee items, possibly aiming at gold-linked new businesses.

On the afternoon of October 25, Ping An Bank announced on its official website about the addition of certain service charge items.

In the announcement, Ping An Bank stated that in order to further promote business development and enhance professional service capabilities, they now need to add certain service charge items. For your convenience in understanding the relevant fee standards, they are now publicizing the addition and adjustment of service charge items. The service price for the new subscription fee of life gold business: charged based on "8 yuan/gram* subscription weight", applicable to individual customers. The service price for the redemption fee of life gold business: charged based on "redemption weight * real-time gold price of gold account * 1%", applicable to individual customers.

Ping An Bank also mentioned that the above-mentioned new fee services will be implemented on January 25, 2025. For inquiries, please contact the bank's customer service hotline.

Today, the journalist called the Ping An Bank customer service to inquire about the specific details of the above profit-making business, but the other party stated that the profit-making business is different from the previous Ping An Jicun gold business, which increased the purchase point to 700 yuan. After understanding the detailed situation, a reply will be provided later. However, as of the time the journalist submitted the article, further information could not be obtained.

According to the Ping An Bank official website, the Cai Lian Society journalist also did not find specific information about the profit-making gold business, but based on the contents of the price formula, this business is clearly related to buying and selling gold.

However, the journalist noticed that according to the previously released "Interim Measures for the Price Management of Commercial Bank Services", "Regulations on the Protection of Consumers' Rights and Interests by Banking and Insurance Institutions", and other documents, banks clearly price service charge items and need to inform financial consumers of service items, prices, and discounts before providing services to financial consumers. For new fee items or changes in fee standards, they should generally be publicly announced three months in advance in accordance with relevant price management regulations. When several state-owned banks added service charges in the past, they all chose to announce it three months in advance.

A certain brokerage bank industry analyst also told the Cai Lian Society journalist that from a comprehensive perspective, Profit Gold should be a new business that Ping An Bank plans to launch tied to gold. Ping An Bank has always been actively developing precious metals business among commercial banks, previously taking the lead in releasing the "Gold Bank" brand. "Gold against Interest" gold financial products have also attracted widespread attention. However, it should be noted that since the ICBC "Crude Oil Treasure" incident, many banks have basically stopped high-leverage, high-risk individual precious metals trading businesses. Currently, the mainstream gold business of major banks still focuses on accumulation gold, physical gold, and fixed income + gold wealth management.

Gold prices surged within the year, with several state-owned major banks reopening physical gold businesses.

The journalist noted that this year, the international gold price has broken through the threshold of $2700 per ounce more than 20 times, repeatedly refreshing the historical records of gold prices. In addition to Ping An Bank, there have been recent reopenings of gold investment businesses by several state-owned major banks.

On the morning of July 10, the Bank of Communications official website announced that a new physical gold investment product called "Tunjingbao" will be added soon, along with the publication of fee standards. Specifically, the procedures for the "Tunjingbao" business include buying transaction fees and repurchase transaction fees. The former refers to the fees charged for providing gold buying services to customers, while the latter refers to the fees for providing repurchase services for "Tunjingbao". Among them, the buying transaction fee is charged at a rate not exceeding 20 yuan/gram, and the repurchase fee: charged at a rate not exceeding 6 yuan/gram. However, Bank of Communications has not yet released more specific information on the investment methods and comprehensive advantages of "Tunjingbao".

It is worth noting that in June 2022, the Bank of Communications announced on its official website that due to the obvious disadvantages of its precious metals wallet business, there are currently only a few customers with positions in gold investment business. In order to promote high-quality development of the business and strengthen risk management, the Bank's gold investment business system will stop providing external services on June 30, 2022, Beijing time. This also means that after a two-year hiatus, Bank of Communications has reopened its physical gold investment business.

In addition, Bank of Communications has clearly stated that the fee schedule for the "Tunjinbao" will be implemented starting October 10, 2024. This move is also similar to Ping An Bank's approach this time, which is to announce new fee items three months in advance.