2026.02. 07 本文字数：793，阅读时长大约2分钟 来源 | 长 安街知事 中国黄金集团黄金珠宝股份有限公司6日于微信公众号"中国黄金"发布《关于贵金属风险提示及调整贵金属回购业务规则的公告》。 公告称，近期受多重因素影响，贵金属价格波动显著加剧，不确定性持续上升。中国黄金集团黄金珠宝股份有限公司（以下简称中金珠宝公司）提示广 大消费者理性看待贵金属市场波动，提高风险防范意识，理性投资黄金。 二、业务交易限额管理 自2026年2月7日起，在业务办理时间内，对回购业务实施限额管理，包括但不限于单一客户单日累计回购上限、单笔回购总量上限等，并实施预约 制。 据央广网专家解读，贵金属市场波动加剧，部分投资者缺乏风险意识，这一规则调整有助于稳定市场，保护投资者利益。此次规则调整并非为了限制消 费者权益，而是企业结合当前市场现状作出的审慎操作，也是对业务规范的完善。 此类做法在银行业及大型金店中已有先例，属于行业内通行的风险管 理手段。 除中国黄金外，头部金店 菜百股份 也宣布调整贵金属回购业务。 菜百股份官微显示，自2026年2月6日起，在周六、周日及法定节假日等上海黄金交易所非交易日期间，公司将暂停办理贵 ...

Group 1 - Major gold companies are adjusting their precious metal buyback business rules, with China Gold announcing changes effective February 7, 2026, including the suspension of buyback services on non-trading days and the implementation of limit management on buyback transactions [1] - The buyback limit management will include daily cumulative buyback limits for individual customers and total limits for single transactions, with adjustments based on market conditions [1] - Another leading gold retailer, Caibai Jewelry, has also announced similar adjustments to its buyback business, effective February 6, 2026, including the same limitations and dynamic settings [1] Group 2 - Precious metal prices have experienced significant volatility due to multiple factors, including a decline in the US dollar index and investor buying on dips, with gold prices rising by 1.85% to $4979.80 per ounce and silver prices increasing by 0.24% to $76.895 per ounce on February 6 [2] - For the week, gold prices increased by 4.95%, while silver prices decreased by 2.08% [2] - The Shanghai Gold Exchange announced adjustments to margin levels and price fluctuation limits for certain contracts, effective February 9, 2026, with gold contract margins increasing from 17% to 18% and silver contract margins from 23% to 24% [2] Group 3 - Experts indicate that adjusting margin and price fluctuation limits is a common risk management tool in financial markets, aimed at conducting counter-cyclical adjustments to prevent systemic risks from significant market fluctuations [3]

Core Viewpoint - The article discusses the adjustment of gold repurchase business rules by Cai Bai Co., which includes changes in transaction time and limits to manage risks amid increasing market volatility [2][3]. Summary by Sections Business Adjustment - Starting from February 6, Cai Bai Co. has implemented new rules for gold repurchase, including halting operations on weekends and public holidays when the Shanghai Gold Exchange is closed [2][3]. - The adjustments also include setting daily repurchase limits, such as a maximum of 100 kilograms for gold and 200 kilograms for silver, with a total daily repurchase cap of 1 billion yuan [5][6]. Market Reaction - Following the announcement of the new rules, Cai Bai's stock price rose for four consecutive days, reaching a peak of 28.35 yuan per share, with a market capitalization exceeding 21.8 billion yuan [3][6]. - The stock experienced a significant fluctuation, with a cumulative price change of 20% over three trading days, prompting a trading anomaly announcement [3][9]. Risk Management - The adjustments are seen as a proactive risk management measure in response to a surge in repurchase requests and the inability to lock in gold prices during non-trading days [7][11]. - Other financial institutions, including major banks, have also raised their gold-related business requirements, indicating a broader trend of tightening risk management across the industry [7][11]. Operational Insights - Cai Bai's gold repurchase business is primarily an agency service, where the company helps repurchase gold from individuals and charges a fee [9][10]. - The company utilizes "T+D" contracts to hedge against price fluctuations, allowing them to lock in prices while managing delivery timing [10][11].

Core Viewpoint - The adjustment of gold buyback rules by Caibai Jewelry is a proactive risk management measure in response to increased transaction volume and market volatility, aiming to control risks associated with gold price fluctuations [6][10]. Group 1: Business Adjustments - Caibai Jewelry has moved its gold buyback operations from the fourth floor to the third floor due to a surge in sellers, indicating a significant increase in gold buyback demand [2]. - The new buyback rules include a suspension of buyback services on weekends and public holidays, as well as limits on daily buyback amounts and individual transaction caps [3][4]. - The daily buyback limit has been set to a maximum of 100 kilograms for gold and 200 kilograms for silver, with a total daily buyback cap of 100 million yuan [4]. Group 2: Market Response - Following the announcement of the new buyback rules, Caibai's stock price rose for four consecutive days, reaching a peak of 28.35 yuan per share and a market capitalization exceeding 21.8 billion yuan [3]. - The recent fluctuations in international gold prices have led to increased activity in gold buybacks, with significant daily price movements observed [5]. Group 3: Risk Management - The adjustments in buyback rules are part of a broader trend among financial institutions, including banks, to enhance risk management in response to market conditions [7]. - Caibai employs "T+D" contracts to hedge against gold price volatility, allowing the company to lock in prices while managing delivery timing [8][9]. - The company faces potential risks associated with the "T+D" model, including the need for additional margin payments during price fluctuations and increased operational costs due to deferred compensation fees [9].

Core Viewpoint - Cai Bai Co., Ltd. announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of 20% over three consecutive trading days from February 3 to February 5, 2026 [1] Company Operations - The company conducted a self-examination and confirmed with its controlling and indirect controlling shareholders that there is no undisclosed significant information as of the date of the announcement [1] - The company's production and operational activities are currently normal, and there have been no significant changes in the internal and external operating environment [1] Investor Advisory - The company urges investors to be aware of the risks associated with secondary market trading and to make rational decisions and invest cautiously [1]

Core Viewpoint - The stock of Caibai Co., Ltd. experienced a significant price fluctuation, with a cumulative increase of 20% over three consecutive trading days, prompting an announcement regarding abnormal trading activity [1] Group 1: Stock Performance - The stock price of Caibai Co., Ltd. showed a cumulative increase of 20% over the trading days of February 3, 4, and 5, 2026 [1] - This price fluctuation is classified as an abnormal trading situation according to the Shanghai Stock Exchange trading rules [1] Group 2: Company Operations - The company confirmed that its production and operational activities are normal, with no significant changes in the internal or external business environment [1] - There are no undisclosed significant matters related to the company by the company, its controlling shareholders, indirect controlling shareholders, or actual controllers [1] Group 3: Major Events - The company is not planning any major events that would require disclosure, including but not limited to major asset restructuring, share issuance, significant transactions, business restructuring, share buybacks, equity incentives, bankruptcy reorganization, major business cooperation, or introduction of strategic investors [1]

菜百股份公告称，公司股票在2026年2月3日至2月5日连续三个交易日内日收盘价格涨幅偏离值累计达 20%，属异常波动。经自查及向控股股东等函询，截至公告披露日，不存在应披露未披露重大信息，生 产经营正常，内外部环境未变。未发现影响股价的媒体报道、市场传闻及热点概念事项，相关人员在此 期间无买卖公司股票情况。公司提醒投资者注意交易风险，理性投资。 ...

证券代码：605599 证券简称：菜百股份 公告编号：2026-002 北京菜市口百货股份有限公司 股票交易异常波动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 北京菜市口百货股份有限公司（以下简称"公司"）股票交易在 2026 年 2 月 3 日、2 月 4 日、2 月 5 日连续三个交易日内日收盘价格涨幅偏离值累计达 20%，根据《上海证券交易所交易规则》的相关规定，属于股票交易异常波动情 形。 经公司自查并向公司控股股东、间接控股股东函询核实，截至本公告披 露日，不存在应披露而未披露的重大信息。公司目前生产经营活动一切正常，内 外部经营环境未发生重大变化。 公司敬请广大投资者注意二级市场交易风险，理性决策，审慎投资。 一、股票交易异常波动的具体情况 公司股票交易在 2026 年 2 月 3 日、2 月 4 日、2 月 5 日连续三个交易日内日 收盘价格涨幅偏离值累计达 20%，根据《上海证券交易所交易规则》的相关规定， 属于股票交易异常波动情形。 二、公司关注并核实的相关情况 针对公司股票交易异常 ...

Core Viewpoint - The recent fluctuations in international gold prices have led to a surge in both buying and selling activities at gold trading counters, particularly at Beijing Cai Shi Kou Department Store, indicating a strong market demand for gold amid price volatility [1][9]. Group 1: Market Activity - On February 3, international gold prices rebounded after three consecutive days of decline, resulting in long queues at the gold repurchase counter, with an average wait time of 2 hours for customers [1][3]. - The repurchase counter was bustling with activity, as customers lined up to convert their gold products into cash, reflecting a heightened interest in gold trading [5][9]. - The crowd included a diverse range of individuals, from seasoned investors to first-time sellers, all engaged in discussions about investment strategies and closely monitoring real-time gold price trends [7][9]. Group 2: Customer Behavior - Customers participating in the repurchase process were required to queue for gold verification, with specific payment guidelines displayed prominently [7]. - A woman selling her gold jewelry expressed her decision to cash in on her long-held items due to the recent price increase, while a younger investor noted his intention to secure profits before the upcoming holiday [9][11]. - The buying counter was equally crowded, with younger investors, including those born after 2005, actively participating in gold purchases, indicating a growing interest among younger demographics in gold investment [11][13]. Group 3: Company Announcements - On February 2, the company issued a notice regarding the significant volatility in precious metal prices, urging consumers to approach the market with caution and to enhance their risk awareness [15]. - Starting February 6, 2026, the company will suspend gold repurchase services on weekends and public holidays, and will implement limits on repurchase transactions to improve service efficiency and customer experience [16].

Core Viewpoint - Recent fluctuations in international gold prices have prompted Beijing Caibai Jewelry Co., Ltd. to announce a suspension of gold repurchase services on non-trading days and to implement limits on repurchase amounts starting February 6, 2026 [2][5]. Group 1: Company Announcement - Caibai Jewelry's adjustment of business rules is aimed at risk management in the precious metals market and improving service efficiency and customer experience, affecting all channels including physical stores and online services [5]. - The specific adjustments include a suspension of gold repurchase services during non-trading days such as weekends and public holidays, and the implementation of limit management on repurchase transactions, which may include daily limits for individual customers and total limits for single transactions [5]. Group 2: Market Reaction - The recent volatility in gold prices has led to a surge in market activity, with many customers rushing to sell their gold. Reports indicate long queues at Caibai Jewelry's repurchase windows, reflecting strong demand for cashing in gold holdings [6]. - The international gold price experienced extreme fluctuations, reaching a historical high of over $5,600 per ounce on January 29, followed by a significant drop of nearly 20% to around $4,682 per ounce by February 2, before rebounding to over $4,900 per ounce shortly thereafter [7].