Not reliable is a liar, besides, it's really so easy to make money, or others are chasing you to make money. The handling fee is insanely high.
The essence of spot oil is illegal futures. Without any qualifications, the software has a back door, which can manipulate people's ups and downs and then earn the so-called transaction fee. The state has never approved oil futures trading, and importing oil also requires national qualifications. At present, only state-owned enterprises such as Sinopec, PetroChina and CNOOC are qualified. Domestic crude oil belongs to state-owned enterprises, and they can't buy foreign crude oil, which is simply a lie.
The name Pan Asia is not familiar to many people. Its full name is "Pan-Asia Nonferrous Metals Exchange", which is already the largest rare metal exchange in the world and the largest spot exchange for domestic customer asset management. Pan Asia was established in Kunming, Yunnan on 20 1 1, and its chairman is Shan Jiuliang. In the past four years, Pan Asia has expanded rapidly, attracting more than 200,000 investors to invest.
The cause of the redemption crisis is a current wealth management product called "Rijinbao" launched by Pan Asia. In the publicity, the product "guaranteed capital and interest, capital in and out".
The principle of "Rijinbao" is that the principal of Rijinbao is the buyer of non-ferrous metal goods and the trustee is the investor of Rijinbao. Investors purchase financial products of Rijinbao, that is, they advance money for the entrusting party, and the entrusting party pays the investors a certain amount of interest on a daily basis (the daily income of the Fund is 3.75 ‰ from the successful subscription date), and purchases goods at the agreed time to repay the principal.
Investor Mr. Shi told the wealth management manager (WeChat ID:banglicai): "I asked many times before investing, and Pan Asia's account manager said that this kind of current wealth management has nothing to do with the rise and fall of commodities, and funds are transferred everywhere through ICBC."
However, in April this year, there was a problem in the Pan-Asian capital chain, and a redemption crisis broke out for this product.
On July 15, Pan-Asia Nonferrous Metals Exchange issued an announcement, acknowledging that the entrusted dealers of Pan-Asia Nonferrous Metals Exchange have recently encountered difficulties in redeeming funds, and some entrusted funds have been redeemed in a centralized manner within the term of the entrusted business contract.
On August 3 1 day, Pan Asia Institute stopped the entrusted business, but the investors' funds were still unpaid. A Pan-Asia internal document obtained by the reporter shows that Pan-Asia is currently preparing to launch a trinity solution to investors, one of which is that the client sells consignment goods on the spot disk of the new system of the exchange, and the proceeds go to the fund custodian.