ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Caixin

Four things to know about the 'paper crude' futures collapse

Investors demand that Bank of China take responsibility for losses

After multiple investors in a crude-oil futures trading product sold by a major Chinese bank suffered huge losses due to the collapse in global oil prices earlier this week, a blame game has begun.

Some of the investors believe that Bank of China (BOC), one of the country's four largest state-owned commercial lenders, should take responsibility for the losses due to design defects in its product and its flawed risk management. Up to now, the bank has not actually addressed such complaints.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more