According to the official website news of the China Banking Regulatory Commission on the 5th, recently, the China Banking Regulatory Commission conducted an investigation into the risk incident of the "crude oil treasure" product of China Bank, made a decision on administrative punishment for the illegal acts involved, and took corresponding regulatory measures. Among them, China Bank and its branches were fined 50.5 million yuan.
The Bank of official website and China issued an announcement in response to this matter: Today, the China Insurance Regulatory Commission of the Bank of China announced the decision on administrative punishment for the "crude oil treasure" product risk incident of the Bank of China. We resolutely accept the punishment, conscientiously implement relevant regulatory measures, deeply reflect on problems such as irregular product management, inadequate risk management, imperfect internal control management and irregular sales management, learn lessons, and seriously investigate the responsibilities of responsible personnel according to laws and regulations.
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Some investors are still defending their rights.
"In May this year, the Bank of China came to discuss the compensation scheme." Investor Xiao Wang (pseudonym at the request of the interviewee) told reporters that he had invested 654.38 million yuan in crude oil products. "Compared with those who spend millions, I may be dwarfed."
On April 20th, the international oil price plummeted, and the May contract of US WTI crude oil futures plummeted to -37.63 USD/barrel, setting the first negative record in history. The "crude oil treasure" products invested by Xiao Wang have suffered unprecedented losses. "I thought I would lose a pair of underwear at most. Who knows that this oil price is not the bank underwear?"
Because of the clear requirements of supervision, "hanging underwear" did not happen in the end. According to Xiao Wang, BOC has previously proposed a solution to investor-related losses: BOC will bear the negative price loss of customers and give differentiated compensation below 20% of the margin according to the specific situation of customers.
According to the plan of China Bank, Xiao Wang doesn't have to "mail" the negative losses to the bank. As for the principal part, he will be able to get back about 20 thousand yuan as "compensation", which is equivalent to 80% of his investment loss. Xiao Wang told reporters that the Bank of China made it clear that if it does not accept this plan, it can choose to conduct civil litigation. "It took a long time and energy to go to court, but I thought about it and accepted the agreement."
However, according to Xiao Wang, there are still some investors who have not reached an agreement with BOC, and there are not a few who choose to go to court with BOC, and most of them are investors with large investment scale.
North Night New Vision Network-Bank of China responded that it was fined 50.5 million yuan for the "crude oil treasure" incident: it accepted the punishment and issued a settlement and compensation plan in time.