The precious metal flagship store of Agricultural Bank of China belongs to insurance or wealth management products.

The best answer: ABC's precious metal flagship store is a wealth management product.

Precious metal products of ABC include deposits, forward gold trading, physical gold leasing, precious metal accounts and gold exchange agents.

First, save money.

Deposit service means that customers open a precious metal account through Jinsui debit card, and purchase "precious metals investment products handed down from ancient times" through this account according to the real-time precious metal quotation of Agricultural Bank of China, and the purchase amount is credited to the customer's precious metal account in real time. Customers can apply for extracting precious metals from their precious metals accounts or sell them directly.

Second, forward gold trading.

Forward gold trading business refers to the transaction that customers sign with our bank based on hedging needs, which is denominated in US dollars and buys or sells gold at the agreed time in the future (that is, T+N settlement, where N is more than two trading days).

Third, physical gold leasing.

The leasing business of physical gold refers to the business that banks rent physical gold to non-financial enterprise customers and charge rental interest. Among them, physical gold refers to the standard gold recognized by Shanghai Gold Exchange and stored in China, including Au99.99 and Au99.95.

This product is mainly aimed at enterprises related to the smelting, processing and sales of precious metals, mainly including gold production enterprises (mining enterprises), jewelry processing enterprises, gold refining enterprises, gold economic and trade enterprises and so on.

The leasing business of physical gold meets the financing needs of gold-producing enterprises by providing physical gold, which has the function of hedging. Customers can choose the appropriate lease term and gold quantity according to their own production cycle and business arrangements, so as to lock in the gold sales price (mining enterprises) or become raw materials for daily production and operation of enterprises (processing enterprises).

Four. Precious metals in accounts

Account precious metal trading business is an account trading product launched by Agricultural Bank of China for individual customers. Individual customers can buy and sell precious metals in accounts or entrust transactions in real time through online banking according to the transaction price of precious metals in accounts provided by the Bank to obtain investment income.

5. Agents of gold exchanges, etc.

Acting as an agent for the precious metals business of Shanghai Gold Exchange means that the Bank, as a financial member of Shanghai Gold Exchange, accepts the entrustment of the customers who signed the Agreement of China Agricultural Bank Acting for the Precious Metals Trading Business of Shanghai Gold Exchange, and acts as its agent for precious metals trading, fund settlement and physical delivery in Shanghai Gold Exchange, and collects relevant fees.