Beijing Plans Major Easing of Gold Import & Export Rules

Mumbai, September 15, 2025 – China is all set to relax its licensing rules for gold imports and exports, while continuing to diversify its reserves away from US dollars. With an aim of making provisions for faster approvals, it plans to expand the use of multi-use permits. As per a draft proposal issued by the People’s Bank of China, this can be possible if more ports are willing to use this permit. In the long run, this facility is expected to streamline cross-border trade in the precious metal.

Expanded Use of Multi-Use Permits

The proposal suggests expanding the use of ‘multi-use permits’. This translates to an increase in the number of ports authorised to accept these permits. Additionally, each permit’s validity will be extended to nine months and there will be no restrictions on the number of times the permit is used. These steps are being implemented to improve efficiency and reduce barriers in the gold trade.

Building on Previous Reforms

This entire development is seen as a move to simplify the procedures involved in terms of gold cross-border trades. It will reduce paperwork to a great extend and thereby speed up the imports of the shining metal. Officials are of the opinion that it will also enable ports to be more responsive and create a friendly environment to facilitate the bullion trade.

Rising Demand and Central Bank Buying

China, known to be the world’s largest consumer of gold continues to show its strong demand for gold bars as well as coins. Additionally, the central bank has extended its buying streak for 10 months in a row last month in line with its long-term strategy of diversifying the gold reserves. There are many factors that have influenced the rise in global gold rates, especially considering the surge of a staggering 40% this year. These factors include the rising geopolitical tensions and anticipated interest rate-cuts in the United States.

Strategic Context and Feedback Timeline

The easing of rules is being viewed as part of Beijing’s broader effort to secure resilience in its financial system while boosting investor confidence in precious metals.

The central bank has invited public and industry feedback on the proposal, with the consultation period open until October 13. Final regulations are expected to be announced after the review process is complete.

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