Bank of China crude oil treasure incident

The essence is a remote virtual market, gambling.

As for BOC's actual investment in crude oil, it is a means for BOC to hedge its own risks, and it has nothing to do with the people who actually trade crude oil treasures.

Why is there the essence of 10 closing the trading system rule? Because there is a high probability of losing money by gambling, the strategy of closing the position in advance is actually to turn the investor's loss (virtual loss) into his own real profit and put it in his pocket. This can also understand the subjective motivation of not rushing to change positions. In fact, I can't wait to lose eleven thousand barrels.

Crude oil users don't have leverage, and BOC uses leverage to trade foreign futures, which actually saves you money and eats interest. There are such good things in the world, such as making money and saving money through over-the-counter transactions.

At least there should be security. Of course, the principal (the three concepts of guaranteed capital, guaranteed capital and guaranteed capital) can also be dispensed with, indicating that it is a gambling product. Real financial management is the actual operation of banks and commissions, and customers are responsible for limited investment. Company law and other commercial laws, except for partnership shareholders, any contribution is limited. This case is not a partnership.

The real attribute of this case is gambling, which is different from the commercial behavior of performing gambling. The bank's crude oil treasure is business nature, pure gambling, beyond the scope of illegal operation.

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If it is the latter, users of Crude Oil Treasure should sue China Bank and double the fine to compensate for the fraudulent income.

In view of the appeal, it is predicted that BOC will not ask users to make up the money in the end. Of course, safeguarding rights is impossible, and losing the case is inevitable. It is predicted that this false wealth management product will eventually stop in the future.