What is BOC crude oil treasure?

As one of the four largest banks, China Bank is also developing its own financial business. Bank of China officially launched personal account crude oil business, named "Crude Oil Treasure". So what is China Bank's crude oil treasure?

What is BOC crude oil treasure?

Crude oil treasure refers to the equity assets linked to domestic and foreign crude oil futures contracts issued by China Bank for individual customers, which can be divided into American crude oil products and British crude oil products according to different quotation reference objects. Among them, the benchmark of American crude oil is WTI crude oil futures contract, and the benchmark of British crude oil is Brent crude oil futures contract, both of which are denominated in US dollars and CNY. As a market maker, Bank of China provides quotations and conducts risk management. Individual customers open a corresponding special account for margin trading in China Bank (hereinafter referred to as "special account for trading"), sign an agreement and deposit the full margin, so as to realize long-short and two-way selection of crude oil trading tools.

Account opening conditions

① Domestic and foreign individual customers with full capacity for civil conduct, a certain understanding of the crude oil market and corresponding risk tolerance.

(2) The applicant shall open a special account for margin trading of crude oil treasure business at the counter of China Bank or through online banking and other electronic channels with his valid identity documents.

China Bank faces various risks including policy risk, market risk, liquidity risk and operational risk. Affected by various international political and economic factors and emergencies, everyone must consider their own abilities when buying. Investment is risky, and reasonable investment is the right investment.