I don’t know what kind of bank financial product you purchased?

Generally, banks are divided into three categories: ABC, among which category C refers to those whose principal is not guaranteed and may suffer losses.

But this cannot be said to be affected by the Crude Oil Bao incident, because investment and financial management are inherently risky, and this was also informed in advance.

If you cannot accept the loss of principal, you can choose a principal-guaranteed product, so don’t worry too much!

The Crude Oil Bao incident occurred under an extremely complicated situation. We will not comment on the twists and turns of the whole process here, but the nature of Crude Oil Bao and other banks’ financial products are inherently different!

Crude Oil Treasure is just a product that helps retail investors obtain the threshold for trading futures crude oil. Bank of China plays the role of a market maker. It is up to you to decide whether to go long or short. At most, it will give you an early warning or forced liquidation when the large fluctuations reach a certain limit.

That is to say, Bank of China will not be responsible for your income risk unless it provides warning and liquidation of extreme situations (of course, it will not be responsible for extreme situations this time. I don’t know how it was so embarrassed to ask investors for margin calls).

To put it bluntly, I provide a platform for you to gamble. How you gamble is your own business, and you have to give me some money. I will remind you a few words at most, or stop you from continuing to gamble even after losing your deposit!

Wealth management products are different. In wealth management products, you hand over your money to the bank to help you take care of it, and the bank helps you invest to obtain returns. Since it invests for you, it is naturally responsible for you, so now the risk is borne by the bank.

I’m here to help you control it. Although there is no guaranteed profit or loss in investment, the bank’s investment traders also have rich experience. Even if there is a loss, the bank will find ways to stop the loss in time. If it is not responsible for you, it must also be responsible for its own.

Product responsibility!

Moreover, low-risk financial products promise to protect capital, so you don’t have to worry too much unless the bank goes bankrupt.

Therefore, the Crude Oil Treasure incident will not affect the financial products of other banks. On the contrary, through this Crude Oil Treasure incident, various banks will inevitably re-examine the risk prevention mechanisms of their own products to deal with unknown risks.

It is understood that major banks have conducted self-examinations under regulatory requirements and are required to submit self-examination reports.

Once again, commercial banks are reminded to strengthen risk management of derivatives business.