Golden exchange service for old-to-new business welcomes new regulations

Recently, the group standard "Management Service Specification for Gold Exchange for New Gold" drafted and formulated by the China Gold Association was officially released. This standard is the first special service standard for the gold and jewelry industry in China to focus on the exchange of old for new business. Song Xiangqing, Vice President of the China Business and Economics Association, stated in an interview with reporters that this signifies the entry of the gold exchange for new business into the "standard era." Consumers will enjoy a more transparent and fair trading environment, avoiding the situation of "losing more gold when exchanging"; for companies, compliant operation will become a core competitive advantage, and in the long term, it will promote the healthy development of the industry; for the entire gold market, it will connect the "recycling - processing - sales" loop, enhance resource allocation efficiency, and inject new energy into gold consumption.