Not far away, crude oil treasure, a wealth management product, has its own defects. Although it is unexpected that crude oil futures fall below negative value, banks should disclose the risks of related products in time. After several months of investigation, China Banking and Insurance Regulatory Commission finally announced the investigation results and punishment decision of the crude oil treasure incident. The penalty decision is to impose a fine of 50 million yuan on China Bank and 400,000 to 500,000 yuan on four related traders, and give them a warning. The survey results show that the management of crude oil products is not standardized, the relevant agreements are not clear, the risk control ability of traders is not strong, and the trading limit of products is flawed, so there are many problems.

At the same time, China Banking and Insurance Regulatory Commission's announcement also pointed out that the bank did not fully protect the rights and interests of investors, and it also signed contracts with people whose age did not meet the requirements, which obviously did not meet the rules of wealth management sales. Moreover, it was learned from relevant investors that when the bank promoted the crude oil treasure project, it also exaggerated the publicity and promoted it by giving gifts, which did not meet the requirements. At the announcement conference in China Banking and Insurance Regulatory Commission, Bank of China also quickly indicated that it would actively accept this punishment, and at the same time, it made inferences about all its wealth management products, re-tested them and thoroughly improved the parts with insufficient risk control.

In terms of compensation, Bank of China said that it will forgive the debt in the crude oil treasure account, which will be borne by the bank. Investors with less than 6,543,800 yuan of principal can get 20% of the principal compensation. At present, 80% of investors have agreed to the settlement agreement.

However, there are also a few investors who say that the crude oil products have their own problems and design defects, the relevant traders have not done a good job in risk control, and China Banking and Insurance Regulatory Commission has also punished the banks, so their principal has been fully returned by the Bank of China. After all, this is a bank problem.