After China Industrial and Commercial Bank launched investment and wealth management products such as "paper gold" and "paper silver", it also successively launched "paper crude oil". Paper crude oil is a kind of personal voucher crude oil. Investors buy and sell "virtual" crude oil on the books according to the bank quotation, and earn the fluctuating price difference of crude oil by grasping the national oil price. So can China Industrial and Commercial Bank hold paper crude oil for a long time?

Can China Industrial and Commercial Bank hold paper crude oil for a long time?

China Industrial and Commercial Bank cannot hold paper crude oil for a long time. ICBC's paper crude oil is traded on schedule, and the time of each issue is about 35 days, which means that the longest holding time for investors is 35 days. Investors of ICBC paper crude oil must trade within 35 days. Trade the next issue in 35 days. Due crude oil will be terminated, and investors with positions will be forced to close their positions by banks.