Bank of China was fined 50.5 million yuan for crude oil futures, which was completely avoidable because of the amateur handling method of Bank of China. At the same time, such losses have also aroused the dissatisfaction of investors, who have basically lost all their money, which has caused a very bad impact. As a financial institution and a professional financial institution, such amateur mistakes are bound to be severely punished. Therefore, China Bank was fined 50.5 million yuan by the regulatory authorities, but the tens of millions of fines were still a drop in the bucket compared with the losses of billions. Many investors suffered heavy losses because of the amateur performance of Bank of China, which also taught all investors a lesson. Bank wealth management products are also very risky. Don't be fooled by some account managers and buy wealth management products at random. Only you will suffer.
China Bank was fined. Why didn't other banks be fined? The reason is very simple, because other banks have not made mistakes and crude oil futures have been delivered in advance, so there is no legal and regulatory risk. Other banks operate and execute according to normal procedures. The mistake made by China Bank due to negligence has nothing to do with other banks, so this is the real reason why only China Bank was fined and all other banks were fine.
What happened in China Bank actually taught all investors a good lesson. Bank investment is risky, and the risks are graded. Different people face completely different risks. For example, the risk level of crude oil futures should be the highest. For the elderly, never touch anything with high risk. In case of serious losses, there will be problems in providing for the aged. For the elderly, it is best to buy capital-guaranteed wealth management products or invest in government bonds, so that the risks can be controlled and there will be no big fluctuations. There is one more thing you should keep in mind: