Illustration: Kuen Lau Illustration: Kuen Lau
Illustration: Kuen Lau

Bank of China’s US$1 billion hole from plunging oil shows how investors and banks alike are ill-prepared for risks of chasing after high returns

  • Bank of China’s Crude Oil Treasure product would ultimately burn holes in the pockets of the lender’s retail customers, estimated to total 7 billion yuan
  • At least 60,000 people have invested in the product, according to Chinese media

Topic |   Banking & Finance
Illustration: Kuen Lau Illustration: Kuen Lau
Illustration: Kuen Lau
READ FULL ARTICLE