In what year did the crude oil treasure incident happen?

The crude oil treasure incident occurred in 2020, as follows:

In 2020, due to the comprehensive factors such as COVID-19 epidemic, geopolitics and short-term economic shocks, the international commodity market will fluctuate violently.

On April 20th, 2020, US time, the official settlement price of monthly WTI crude oil futures contract of CME was -37.63 USD/barrel, which caused losses to both domestic customers and banks, thus triggering the "crude oil treasure" incident.

On April 2 1 day, two American crude oil contracts, "US Oil/USD" and "US Oil/RMB", were suspended for one day, and the British crude oil contract was traded normally.

On May 4, 2020, the 28th meeting of the State Council Financial Stability and Development Committee specifically proposed that we should attach great importance to some financial product risks caused by current price fluctuations in the international commodity market. On May 5th, Bank of China responded to the customer demand of "Crude Oil Treasure" products: it has conducted research on the customer demand and put forward opinions.

Bank of China reserves the right to recourse to relevant external institutions according to law. As of August 2, the high courts of 27 provinces (municipalities and autonomous regions) have successively issued announcements to exercise centralized jurisdiction over the civil litigation cases of the "crude oil treasure" incident scattered throughout the country. In February, 65438, the CBRC made a penalty decision on China Bank and its branches.

On the evening of April 24th, 2020, the official website Bank of China released the description of "Crude Oil Treasure" products again.

Bank of China stated in the statement that "regarding the negative settlement price of WTI5 May contract linked to' Crude Oil Treasure' products, BOC continued to communicate with relevant market institutions to discuss the abnormal market performance on April 20th".

"We have been actively listening to your voices and market concerns, comprehensively examining product design, risk management and control links and processes, and assuming due responsibilities under the legal framework".