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Enquiry: What are the Rules or Conditions for Importing and Exporting Gold and Gold Products?

Photo: Gold and gold products
Photo: Gold and gold products

Under China’s licensing system for the import and export of gold and gold products listed in the Catalogue of Gold and Gold Products Under Import and Export Control, a trader must submit to Customs the Import and Export Licence of the People’s Bank of China for Gold and Gold Products, issued by the central bank or one of its branches.

The PBOC, based on the needs of national macroeconomic regulation and control, may conduct restrictive approval for the import and export volume of such products. The licensing system is carried out under the Administrative Measures for the Import and Export of Gold and Gold Products.

For the purpose of these Measures, gold means gold unwrought and gold products mean semi-finished gold and finished gold products. The PBOC shall, in conjunction with the General Administration of Customs, adjust and announce products within the Catalogue. It currently covers goods of the following 10 customs commodity codes:

1. 2843300010
2. 7108110000
3. 7108120000
4. 7108130000
5. 7108200000
6. 7113191990
7. 7114190020
8. 7118900010
9. 9111100010
10. 9113100010

An applicant for the import or export of gold must have mainland corporate status. An an applicant for the import or export of gold products (except the import of gold products for donation to public-interest undertakings) must have corporate status or the status of other organisations (such as education and scientific research institutions that need to use gold products). They must also have no record of violating laws and regulations in the past two years and satisfy the conditions stipulated in the above-mentioned Measures.

For further details (Chinese), please refer to the following:

Joint Order of the PBOC and General Administration of Customs, No. 1, 2015 (Administrative Measures for the Import and Export of Gold and Gold Products)

Joint Announcement of the PBOC and General Administration of Customs, No. 32, 2016 (Matters Concerning the Import and Export of Gold and Gold Products)

Content provided by Picture: HKTDC Research