OREANDA-NEWS. October 26, 2011. To cope with the business development, ICBC Macau has recently launched gold repurchase service, offering easy access for customers to buy/sell physical precious metals. The new service provides all the convenience for customers to invest or sell gold for cash. ICBC Macau becomes the first overseas subsidiary to launch such a service, reported the press-centre of ICBC.

ICBC Macau embraces innovation and adopts a business model where the Branch buys back gold independently. In other words, ICBC Macau buys back the sold ICBC gold bars designed by ICBC with Au999.9 purity. After gold bars are checked and tested through special devices, amount by ICBC for buying back the gold bars will be credited into customers' account in real-time, very convenient for customers.

An executive with the Branch said, in the next phase, ICBC Macau will roll out a range of supplementary gold repurchase services to achieve fast growth of precious metal business. ICBC Macau aims to build a platform of "small and sophisticated, small and excellent, small and special", for the delivery of more comprehensive, more diversified, more special precious metal products and services.