It will be implemented from January 9 next year!The Central Bank issued the "Interim Measures for Gold Rental Business Management"

On July 8th, the official website of the People's Bank of China released the "Interim Measures for the Management of Gold Rental Business", which will be implemented from January 9, 2023 to strengthen the gold market management, standardize the gold lease business, maintain the gold market order, and prevent the risk of the gold market. Serving the real economy better.

There are 13 "Interim Measures for the Management of Gold Rental Business" to regulate the gold lease business and the scope of the business. Jiang Shu, general manager of the precious metal industry department of Shanjin Industry, analyzed that this method basically conforms to the current development status of the industry. The core is Article 3 and Article 4 of the Measures, which clearly stipulates the access to the gold lease business.

This method clearly states that the gold lease business refers to one party lent gold to the other party through the gold account, and recover equivalent gold or equivalent monetary funds and interest rates according to the period, interest rate or rate of interest rates agreed in the contract. The gold account refers to the bookkeeper system used to record the gold weight, value and equity changes held by gold holders.

The gold account service of the gold lease business is provided by the banking deposit financial institution and the Shanghai Gold Exchange. Other institutions shall not provide any form of gold account services for the gold lease business. The gold lease business between financial institutions shall be managed by reference to interbank loans or interbank deposits. Except for the banking deposit financial institutions, other financial institutions shall not borrow gold from non -financial institutions. Non -financial institutions shall be a gold -related enterprise.

When the banking deposit financial institution borrows gold from non -financial institutions, the previous credit management and post -borrowing monitoring and management shall be carried out. At the same time, the full -process risk management of credit risk and market risk shall be done.

The asset management product manager holding financial licenses use the entrusted gold assets to carry out the gold lease business. "(Yinfa [2018] No. 106) and other relevant regulations.

This method stipulates that the gold lease business carried out by financial institutions should be included in the balance sheet for management.

According to the analysis of relevant persons in the industry, this method is a summary of some chaotic experience in the early rectification of the market. Due to its good liquidity and price transparency, gold has become an excellent capital carrier, so there are some chaos in the gold lease market. For example, some private fundraising behaviors put on gold crowdfunding or gold accounts. It is actually illegal fundraising; at the same time, due to the more attractive cost of gold lease funds, more non -gold -related enterprises put on the coat of gold -related enterprises by changing the industrial and commercial registration information, thereby participating in the gold lease business, and fading the gold lease as the gold industry as the gold industry The original intention of service.

In the past few years, because the gold lease business was not in -bank business, it was not restricted by the supervision of in -table business. Banks also had the motivation to use gold leasing to borrow a large loan scale, which had certain risks. This method not only clearly stipulates the participation of the gold lease business, but also clarifies the listing of gold leasing business in the bank table management. This is the summary of the experience of rectifying the market in the early stage.

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