Central Bank: Further optimize the management of import and export permits for gold and gold products by allowing batches rather than individual permits.

Announcement of the People's Bank of China and the General Administration of Customs on Further Optimizing the Management of Import and Export Permits for Gold and Gold Products In order to further streamline administration, delegate power, promote trade facilitation, and optimize the business environment, the People's Bank of China and the General Administration of Customs have decided to further optimize the management of import and export permits for gold and gold products by implementing a "non-one batch, one permit" system. The relevant matters are announced as follows: 1. Enterprises engaged in frequent import and export of gold and gold products may apply for a "non-one batch, one permit" China People's Bank permit in accordance with the conditions and approval process specified in the "Measures for the Administration of Import and Export of Gold and Gold Products". The People's Bank of China and its branches will track and strengthen supervision of the use of the issued permits through an online verification system. 2. Customs implementing the "non-one batch, one permit" management are the customs of Beijing, Shanghai, Guangzhou, Nanjing, Qingdao, Shenzhen, Tianjin, Chengdu, Wuhan, Xi'an, Xiamen, Ningbo, Sanya, Chongqing, and Nanning. Other customs will continue to operate according to existing regulations. 3. The "non-one batch, one permit" permit is valid for 9 months from the date of issue and will expire automatically after the expiration date. The "non-one batch, one permit" permit can be used for customs declaration without restrictions on the number of clearance batches within the validity period. This announcement will take effect on June 1, 2026.