Investors who bought Bank of China’s oil derivatives product gather to protest in front of the bank’s main building in Guangzhou on April 24. Photo: EPA-EFE Investors who bought Bank of China’s oil derivatives product gather to protest in front of the bank’s main building in Guangzhou on April 24. Photo: EPA-EFE
Investors who bought Bank of China’s oil derivatives product gather to protest in front of the bank’s main building in Guangzhou on April 24. Photo: EPA-EFE

Bank of China oversteps regulations in passing derivatives off as wealth management. And it’s not alone

  • Several bank officials say the crude oil derivative products effectively overstepped regulations that bar the country’s lenders from operating as commodities futures brokerages
  • Bank of China says it will compensate 20 per cent of investors’ original investments in the oil-linked product, according to investors

Topic |   Bank of China
Investors who bought Bank of China’s oil derivatives product gather to protest in front of the bank’s main building in Guangzhou on April 24. Photo: EPA-EFE Investors who bought Bank of China’s oil derivatives product gather to protest in front of the bank’s main building in Guangzhou on April 24. Photo: EPA-EFE
Investors who bought Bank of China’s oil derivatives product gather to protest in front of the bank’s main building in Guangzhou on April 24. Photo: EPA-EFE
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