Dragon Oil Index is a product launched by China Xinhua Daqing Property Rights Exchange, but it is actually a scam. There is no physical transaction in the products launched, that is, the illegal futures behavior severely cracked down by the state. China Xinhua Daqing Property Rights Exchange and its shareholders' meeting are not qualified for spot trading of crude oil, and China Ministry of Commerce has not approved any company to trade crude oil and refined oil.

How to judge whether the spot platform crude oil is official?

1. The regular spot crude oil trading platform should be filed with the Ministry of Commerce of China, and at the same time, it should be approved by the provincial financial office and approved by the corresponding municipal government;

2. The regular spot crude oil trading platform should be managed by bank funds, and the access of funds is unrestricted;

3. The regular spot crude oil trading platform will not have illegal behaviors such as soliciting customers and bringing customers, and there will be no platform trading behavior;

4. Regular spot crude oil trading platform will remind investors of the risks in trading.