Shuibei in Shenzhen removes "investment gold," exclusive response from relevant parties

At a time when the price of gold has hit a new record high, Shuibei quietly removed the "investment gold" from shelves. Since the release of the new gold tax policy in November, Shuibei, as the largest wholesale market for gold jewelry in the country, has undergone multiple adjustments to its gold price labeling method, first displaying "investment gold" and "jewelry gold" prices on large screens. Recently, reporters found that Shuibei market no longer distinguishes between "investment gold" and "jewelry gold", and the "Shuibei Hui" app, which operates the price screens, has also removed "investment gold". Some Shuibei merchants have stated on social media that there is no longer any investment gold in the market. In November of this year, the "Announcement on Tax Policies for Gold" was released, categorizing investment and non-investment gold and encouraging investment gold to enter centralized trading on the Shanghai Gold Exchange and Shanghai Futures Exchange.