On November 1, the Ministry of Finance and the State Administration of Taxation issued the "Announcement on Tax Policies Related to Gold," clarifying the tax policies related to gold. After the new policy was implemented, both terminal consumption and investment channels caused a rapid chain reaction throughout the entire gold market.

Previously, after the release of the new gold tax policy, the price display screens at major trading centers in the Shui Bei market showed the prices of "investment gold" and "jewelry gold." However, recently some merchants in the Shui Bei market have posted updates on social media accounts such as WeChat Moments, indicating that market management has tightened, and there is no longer "investment gold" in the Shui Bei market. Recently, both the offline large screens and online mini-programs have quietly hidden the "investment gold."