黄金税收优惠没了,老铺黄金周大福们为何重挫?

海内资讯
Nov 05, 2025

中国黄金增值税新规正式生效,零售珠宝商和非交易所会员企业首当其冲。周一市场反应剧烈,老铺黄金港股盘中跌幅一度超过9%,周大福一度跌12%,周生生也下跌至少8%。现货黄金应声下跌,一度跌破4000美元关口至3970美元/盎司。核心逻辑在于,新规实施后,生产非投资型黄金(如珠宝、电子产品用金)的企业,仅能抵扣6%的增值税,低于此前的13%。花旗分析师Tiffany Feng等指出,在“最坏情况下”,...

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