Many ICBC customers found an investment product-"paper crude oil" in online banking. According to market speculation, "paper crude oil" or products similar to "paper gold" that ICBC has launched are also personal voucher products. Investors can use this account to enter the crude oil market, buy and sell the "virtual crude oil" on the books according to the bank quotation, and earn the difference. Referring to the trading threshold of paper gold per lot 1 g, the market speculates that paper crude oil may also take 1 barrel as the investment starting point, which means that investors can participate in the crude oil market without 600 yuan. I am very interested in "paper crude oil", and I will actively participate with such a low threshold. Log in to ICBC Online Banking, and you can see that there is an option of "Account Crude Oil" on the webpage menu. After clicking, you can see the operation modes such as "buy first and then sell", "sell first and then buy" and "manage entrusted transactions" in the left sidebar, but in the middle of the screen, "This business area is temporarily closed" is displayed.
"Account Crude Oil" is indeed a product to be launched by ICBC, but it can't be operated yet. We just put the information on the website, and it will take time to officially launch it. If the product is officially put into operation, it will be the first crude oil trading product for personal investment launched by domestic commercial banks. Besides paper gold, paper silver, paper crude oil and other products, banks may launch more paper-based wealth management products in the future. The main reason why commercial banks are keen on paper business is that commercial banks are facing the dilemma of shrinking traditional deposit and loan business and narrowing deposit and loan spreads. Developing intermediary business has become an urgent need of commercial banks, and commercial banks have tasted the sweetness in paper business.
Market participants said that crude oil trading fluctuates greatly, and the risk of "paper crude oil" will exceed that of "paper gold". Shanghai Intermediate Futures analyst said: "If the investment targets of paper crude oil are really 1 month and 2-month contracts in new york WTI crude oil futures market and Brent crude oil futures market, then investors need to realize that there is no price limit for crude oil outside the market, and once they encounter extreme market conditions, they are prone to the risk of huge losses. Can these venture capitalists afford it? In addition, the factors affecting the trend of crude oil are very complicated and difficult to analyze. For ordinary investors, it is easier without professional knowledge.