The Bank of China will bear the losses caused this time.
After a year's investigation in China, the court ruled that Bank of China was mainly responsible for this incident, so for those customers who broke positions, the losses they caused should be borne by AVIC, and these customers should not be allowed to bear the losses except the principal, because the crude oil treasure project was originally a 100% margin trading model. It is not a simple futures model, so if you are short, these investors who bought crude oil treasures before can't bear it.
What are the highlights of this adjustment?
In fact, the biggest highlight of this adjustment is that the court has safeguarded the rights and interests of most investors, because in fact, Bank of China has not made a conclusion of compensation before, and thinks that these investment mistakes should be responsible for its own investment failure. However, during the subsequent investigation, the interviewer found that there were some design defects in the investment project itself and serious problems in the management of the watch industry, which led to this loss.
How to treat this incident?
As the saying goes, investment is risky and you need to be cautious when entering the business. Since the investment is definitely risky, and the purchased crude oil treasure itself is a project with a large profit margin, the risk is definitely greater. So in this case, the loss of the principal can already be expected, but to be honest, besides the principal, I even have to pay some money back to the bank, which I didn't expect at first, so this unreasonable request was rejected by everyone and the court.