PRECIOUS METALS | China Seeks Public Comment on Draft Rules for Gold Import and Export Management

China’s central bank and customs authority issued a notice seeking public feedback on a draft set of rules governing the import and export of gold and gold products. According to Jin10, the People’s Bank of China and the General Administration of Customs released a notification on the public consultation for the “Measures for the Administration of the Import and Export of Gold and Gold Products (Draft for Comments).” The draft states that, except as provided under Article 4 of the measures, individuals who carry or mail a reasonable quantity for personal use when entering or leaving the country would be exempt from applying for the “People’s Bank of China Permit for the Import and Export of Gold and Gold Products.”