There is a regulatory issue involved.

If it is a wealth management product, it should be supervised by the banking management office.

And if it is crude oil futures, it should be regulated by the Securities and Exchange Administration.

At present, the crude oil shell of Guohua Bank is a crude oil futures in the guise of wealth management products, and then it is supervised by the banking management office, which has no ability to supervise the futures market.

In addition to this, there is a problem.

Guohua Bank plays the role of a market maker in the middle, but Guohua Bank does not have the qualification of a market maker on the international crude oil exchange at all!

Therefore, it is not an exaggeration to say that Guohua Bank's crude oil shell product is a three-regardless product.

Foreign market supervision offices can't manage Guohua Bank, domestic securities management offices, and banks, but domestic banking management offices can manage them, but this kind of futures business is beyond the scope of supervision of the banking management office.

With such a product, if you want to say that it won't have problems, Chen Wei doesn't believe it anyway.

Even if this product is pushed out by Guohua Bank.

Even if Guohua Bank is a large enterprise with a strong reputation.

In fact, this product was launched as early as the year before last, but it has been tepid for more than two years, at least Chen Wei has not heard of this thing before.

But recently, this crude oil shell product is quite hot.

Because crude oil futures plummeted, the price of crude oil fell to an almost all-time low, and many people were clamoring to buy the bottom of crude oil.

But the threshold for crude oil futures is too high, 500,000, which is not something that anyone can take out casually.

A family like Zhang Chuankai, as well as his wife's colleagues, where can they come up with 500,000 yuan to make futures?

Moreover, for many people who have not been in contact with futures before, it is difficult for him to think of opening a futures account to speculate in futures.

But now, Guohua Futures has taken this opportunity to hype up, and almost everyone who goes to the bank to do business has to grasp the promotion, and even corporate customers like Tianrun, account managers have run to the door to publicize.

What is the bottom of the crude oil, what is the reputation is reliable, what is the low threshold.

In short, it fooled a lot of people stupidly.

Many people are still a little resistant to futures, and if they directly tell him to do futures, they will definitely turn around and leave.

But now, this thing is pushed out by the bank, and it is still wrapped in the coat of wealth management products, which greatly reduces people's vigilance.

Many people take it for granted that banks will never cheat people.

So now, even Chen Wei's senior customer group of Jianxin, as well as the trading group built by Wang Wentao, many people are discussing this crude oil shell product.

But fortunately, there are many professionals in these two groups, and the managers of Jianxin have also analyzed the risks of this product in detail, not to mention these traders here, who are very clear about some of the doorways here, so there are many discussions in these two groups, but there should be no real doing.

As soon as Chen Wei heard that Zhang Chuankai was going to make this crude oil shell, from the standpoint of his friend, it was necessary for him to remind Zhang Chuankai.

"Brother Zhang, I advise you to think about it carefully, this thing is too risky, it's better not to touch it. Chen Wei pondered for a moment and said.

If he hadn't thought that Zhang Chuankai was a good person, he wouldn't have been nosy.

"Yes, I don't know much about this thing, anyway, your sister-in-law is red-eyed, what do you say that banks will never cheat people, right? What do you say that now that crude oil has reached the lowest price in history, as long as you close your eyes and buy it, and then you don't have to worry about it, just keep holding it, and when the crude oil rises, then follow the money. So what is the risk of this thing, according to you?"

As soon as Zhang Chuankai heard Chen Wei's words, his heart fluttered, and he hurriedly asked.

Chen Wei smiled and said: "The price of crude oil is very low now, but this does not mean that crude oil cannot fall? In the current international situation, you should also know that the entire economy has almost shut down, factories have stopped, airplanes and ships have stopped sailing, and there are 90 percent fewer cars on the road. ”

"That's it!" Zhang Chuankai replied as if he didn't understand.

"I can tell you a few more stats. You should also know that crude oil, after it is mined, needs a special place to store it, and you can't just find a place to put it. Chen Wei said again.

Zhang Chuankai nodded.

Chen Wei continued: "Storing crude oil requires special warehouses and tanks, and as of January this year, the world's idle crude oil storage space was 1.2 billion barrels. This barrel is the unit of measurement of crude oil, about 158 liters per barrel. 1.2 billion barrels, sounds like a lot, but you must know that the world's daily crude oil production, more than 100 million barrels, originally supply and demand are balanced, but now, with the reduction of crude oil demand, there are about more than 10 million barrels of crude oil remaining every day, so calculated, if crude oil production is not reduced, then by May, the global crude oil storage space will be full, which also means that there is no place to regenerate crude oil. At that time, those oil-producing companies will have to face a dilemma. ”

"What choice?" Zhang Chuankai probably understood, but there were still some things that he didn't understand.

"Or, spend your own money to expand the oil storage warehouse. Or, beg someone to pull away the extracted crude oil. Chen Wei said.

"That's right. Won't they suspend production?" asked Zhang Chuankai, puzzled.

Chen Wei smiled again and said: "How can it be so easy, do you think that oil wells are like tap water, they are open when they are opened, and they are closed when they are closed? There are some very complicated technical problems involved here, and I am not too clear, anyway, once the oil well is opened, it is difficult to shut down completely, and the minimum treatment capacity must be maintained." ”

"Oh, I see, the warehouse is full, and there is no place to put it, but the oil well cannot be closed yet, and we must continue to extract crude oil. The crude oil extracted will either be rebuilt and a large oil depot will be built to store it, or you will have to ask your grandfather and grandmother to look for a buyer everywhere, or even lose money to deal with it, does that mean?"

Zhang Chuankai finally understood.

"Yes. Now many so-called analysts are analyzing the Tao at the end of the year, saying how much is the cost of crude oil extraction, and now the oil price is close to the cost of crude oil extraction, and it is impossible to drop it again, so you can rest assured that you can boldly buy the bottom. All I can say about this is nonsense!"

Chen Wei shook his head and said with a little indignation.