In the tug-of-war for more than three months, some "crude oil treasure" investors have a firm attitude and have been reluctant to sign a settlement agreement; Some investors have reached an agreement with the Bank of China. Another part of investors still hold a wait-and-see attitude, saying that "if everyone is willing to settle, I will settle".
Extended data
Crude oil treasure warehouse incident
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.