As international gold prices consolidate around 4,200 US dollars/ounce, the Bank of Nanjing and China CITIC Bank have recently successively issued “concession” cards to introduce or continue preferential deposit fees; ICBC, Bank of China, and Bank of Jiangsu have previously promoted this business through gram reduction and “old with new” rewards. On the one hand, the savings account business continues to expand, and on the other, the precious metals channel business exits. Industry insiders believe that this is essentially a risk control method for the bank's retail gold business, which places more emphasis on long-term customer operations and acceptance of gold allocation requirements.

As international gold prices consolidate around 4,200 US dollars/ounce, the Bank of Nanjing and China CITIC Bank have recently successively issued “concession” cards to introduce or continue preferential deposit fees; ICBC, Bank of China, and Bank of Jiangsu have previously promoted this business through gram reduction and “old with new” rewards. On the one hand, the savings account business continues to expand, and on the other, the precious metals channel business exits. Industry insiders believe that this is essentially a risk control method for the bank's retail gold business, which places more emphasis on long-term customer operations and acceptance of gold allocation requirements.