Bank of China fined over crude oil futures product


  • World
  • Sunday, 06 Dec 2020

BEIJING, Dec. 5 (Xinhua) -- China's banking regulator said Saturday it has made administrative punishment decisions and taken regulatory measures following an investigation into a risk incident related to a crude oil futures product sold by the Bank of China (BOC).

The China Banking and Insurance Regulatory Commission said it attaches great importance to the incident, which was triggered by the BOC's Yuanyoubao product, and has urged the bank to protect investors' rights and interests.

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