2025-11-05 14:30:34
|
39
0

On
November 1, 2025, the State Taxation Administration (STA) (国家税务总局) officially implemented new gold tax
policies, clarifying differentiated tax treatments for investment and
non-investment gold transactions and regulating market order. In response to
mainland China’s policy adjustments, the Hong Kong market, leveraging its
tax-exemption advantages and mature financial technology platforms, has drawn
widespread attention. As a leading AA-class member of the Hong Kong Gold
Exchange (HKGX), Upway Global has become the top choice for CFD
trading through its outstanding London gold trading volume and advanced
technology. Its physical gold bars are also setting new trends in Hong Kong’s
tangible gold investment, offering high-quality purchasing experience for
domestic and international clients.
Overview of New Gold Tax Policies and Market Impact
Starting November 1, 2025, through December 31, 2027, the Ministry of Finance and the State Taxation Administration introduced new tax policies on gold transactions. These policies exempt standard gold sales conducted through exchanges by member units or customers from VAT. For transactions without physical delivery, VAT is waived by the exchange; for physical delivery, gold is categorised as investment or non-investment.
Investment gold benefits from an immediate VAT refund and is exempt from urban maintenance and education surcharges. Exchanges issue special VAT invoices indicating “member unit investment gold,” allowing buyers to deduct input tax, although subsequent sales require general invoices. Non-investment gold transactions involve general invoices, with buyers eligible to deduct input tax at a 6% rate. This shift increases tax burdens on gold jewelry businesses.
Industry experts believe these policies optimise VAT incentives to concentrate investment gold trading within exchanges, enhancing market liquidity and pricing efficiency while promoting a regulated and healthy gold market. However, the increased tax burden exerts upward pressure on retail gold jewelry prices and challenges smaller jewelers, particularly in lower-tier markets. Ultimately, the policies seek to boost China’s gold market competitiveness internationally, ensure tax fairness, mitigate risks, and support sustainable high-quality development in the gold industry.
CFD Gold Trading Advantages and Upway Global’s Advanced Trading Ecosystem
CFD (Contract for Difference) gold trading does not involve physical delivery, thereby avoiding VAT and other taxes related to physical gold transactions. The mature and well-regulated Hong Kong market attracts many mainland and international investors. With low entry barriers, good liquidity, and lighter tax burdens, CFD trading has become an effective tax-efficient and flexible diversified investment tool for investors under the new policy environment.
Against this background, CFD gold trading has a clear cost advantage due to the lack of physical delivery and the avoidance of VAT. Upway Global continuously enhances its proprietary platforms—Upway App, Upway Desktop, Upway Wallet, and MT5 integration—to optimise user experience. Offering advanced trading indicators and data analytics, the system delivers fast, accurate international market quotes with ultra-low latency, reducing risks and supporting consistent profitability. Its 24/7 intelligent KYC and AML controls ensure fund security and investor confidence.
In 2025, Upway Global reaffirmed its leadership in precious metals investment with growing active memberships and substantial order volumes, reflecting strong market demand and client trust in its transparency, security, and technology. Powered by an AI-driven trading system, Upway Global delivers fast execution, high concurrency, and stable trading even in volatile markets.
Hong Kong’s VAT Exemption Boosts Cross-Border Gold Investment and Upway Jewellery’s Premium Services
Hong Kong’s status as an international financial center and free trade port provides the key advantage of VAT exemption on physical gold, making gold bar prices in Hong Kong closely aligned with international prices and significantly more cost-effective than in mainland China, where new tax policies have raised gold costs. This has positioned Hong Kong as a crucial cross-border physical gold investment hub.
Upway Group’s brand, Upway Jewellery, serves the market from its flagship store in Tsim Sha Tsui and offers high-quality 999.9 pure gold products certified to international standards, both online and offline, enhancing customer confidence in asset security. It features an exclusive online appointment system offering tailored investment proposals, flexible payments, VIP privileges, rapid gold buyback with transparent pricing, and secure gold storage backed by high-level security and insurance. The brand’s Triple Guarantee System ensures purity, instant buyback, and authorised refiner certification, underpinning reliability and asset safety. As a leading industry player, Upway Jewellery supports Hong Kong’s goal as a global gold trading center and promotes gold culture and wealth preservation.
Mainland China Gold Tax Reforms Foster Market Standardisation and Cross-Border Investment Diversification
The recent tax reforms in Mainland China aim to standardise and regulate the gold market, closing loopholes and promoting transparency. While the increased costs may pressure demand for gold jewelry in the short term, these measures support long-term healthy industry development and risk control. The new policies encourage Mainland investors and enterprises to diversify asset allocation by participating in Hong Kong and international gold markets through CFD trading and physical gold bar purchases. By encouraging Hong Kongs tax exemption advantages, investors can reduce costs and enhance investment efficiency, fostering a more regulated and diversified gold investment landscape.
Upway Global: Driving New Patterns in Gold Investment
Upway Global, a prominent brand under Upway Group, has been rooted in the market for over 15 years, holding Grade AA member status (No. 084) at the HKGX and serving as a core member of Bullion Group. As a key player in the precious metals investment sector, Upway Global strictly follows international purity and quality standards, earning the prestigious “Recognised Delivery Bar Refiner Certificate,” ranking among Hong Kong’s top refiners. The brand focuses on offering diverse electronic trading and physical delivery services in precious metals, including 9999 gold and London Gold. Its outstanding market performance includes a single-day XAU (London Gold) turnover reaching USD 80.75 billion in 2025, with over 1.2 million active members and over 600 million cumulative orders, maintaining the highest average monthly trading volume at the HKGX.
Upway Global deeply understands the importance of physical presence in building long-term trust. In addition to providing highly efficient online gold trading services that account for most of its operations, the company has also established a physical gold store in Tsim Sha Tsui, the financial and retail center of Hong Kong. By integrating online efficiency with offline accessibility, Upway Global strives to deliver convenience and peace of mind to investors. This strategic dual-channel model reflects our solid financial strength and extensive professional experience, earning us wide recognition and trust from precious global metals investors.
At the same time, Upway Global recognises that user experience is central to brand competitiveness. Our platform offers 24/7 multilingual customer support, with dedicated service specialists assisting clients around the clock. Standing side by side with investors in a rapidly changing market, Upway Global helps clients achieve steady asset growth through reliable and professional services.