Recently, the “Gold Trade-In Business Service Specification” group standard drafted and formulated by the China Gold Association was officially released. This standard is the first special service standard for trade-in business in China's gold and jewelry industry. Song Xiangqing, vice president of the Chinese Society of Commercial Economics, said in an interview that this marks the entry of the gold trade-in business into a “era of regulation.” Consumers will enjoy a more transparent and fair trading environment to avoid “the more money you exchange, the more losses”; for enterprises, compliance management will become the core competitiveness and will promote the healthy development of the industry in the long run; for the entire gold market, it will open up a closed loop of “recycling-processing-sales”, improve resource allocation efficiency, and inject new impetus into gold consumption.

Recently, the “Gold Trade-In Business Service Specification” group standard drafted and formulated by the China Gold Association was officially released. This standard is the first special service standard for trade-in business in China's gold and jewelry industry. Song Xiangqing, vice president of the Chinese Society of Commercial Economics, said in an interview that this marks the entry of the gold trade-in business into a “era of regulation.” Consumers will enjoy a more transparent and fair trading environment to avoid “the more money you exchange, the more losses”; for enterprises, compliance management will become the core competitiveness and will promote the healthy development of the industry in the long run; for the entire gold market, it will open up a closed loop of “recycling-processing-sales”, improve resource allocation efficiency, and inject new impetus into gold consumption.