The crude oil treasure incident refers to an incident that occurred in China market in March 2020 and involved China banks, trading platforms and individual investors. The cause of the incident was the sharp drop in crude oil prices in March 2020, which caused some investors to suffer huge losses after purchasing crude oil products on the trading platform.

Specifically, crude oil treasure is an investment product based on trading platform, which provides individual investors with investment products with crude oil futures price as the target through cooperation with banks and other institutions. In March 2020, affected by various factors such as global epidemic outbreak and overproduction of oil, crude oil futures prices plummeted by nearly 300% in one day. This caused some investors in crude oil treasure to have negative debts, which could not make up for the losses, and finally triggered a series of complaints and disputes.

The impact of the incident is not limited to individual investors, but also involves trading platforms and banks. Bank of China, as the custodian bank of crude oil treasure, is facing claims from investors and penalties from regulatory authorities. The trading platform is also facing the pressure of credibility and legal responsibility.

This incident has aroused widespread concern in the China stock market, and also attracted the attention of the regulatory authorities. The regulatory authorities subsequently introduced a series of measures to strengthen the supervision of trading platforms and investors to prevent similar incidents from happening again.