Chapter 611

There is a regulatory issue involved.

If it is a financial product, it should be supervised by the banking management department.

If it is crude oil futures, it should be supervised by the securities regulatory office.

At present, the crude oil shell of Guohua bank is a crude oil futures in the cloak of financial products, and then it is supervised by the banking management office that does not have the ability to supervise the futures market.

In addition, there is another problem.

Guohua bank acts as a market maker in the middle. However, Guohua bank has no market maker qualification of the international crude oil exchange at all!

Therefore, it is not too much to say that the crude oil shell product of Guohua bank is a three no matter product.

The foreign market supervision department can't manage Guohua bank, the domestic securities management department can't manage banks, but the domestic banking management department can manage, but this futures business is beyond the supervision scope of the banking management department.

Chen Wei doesn't believe such a product if it won't go wrong.

Even if this product is promoted by Guohua bank.

Even if Guohua bank is a large enterprise with outstanding reputation.

In fact, this product was launched as early as the year before last, but it hasn't been warm for more than two years. At least Chen Wei hasn't heard of it before.

But recently, this crude oil shellfish product is very popular.

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

But the threshold of crude oil futures is too high, 500000, which is not something anyone can take out casually.

Families like Zhang Chuankai and his wife's colleagues, where can they put out 500000 for futures?

Moreover, for many people who have not had much contact with futures before, it is difficult for him to think of opening a futures account to fry futures.

But now, Guohua futures takes advantage of this opportunity to hype. Almost everyone who goes to the bank to do business should grasp the promotion, and even the customer managers of corporate customers such as Tianrun run run run to the door to publicize.

What bottom crude oil, what credibility, what low threshold.

In short, it fooled a lot of people.

Many people had a little resistance to futures. If they directly told him to do futures, they would turn around and leave.

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

Many people take it for granted that banks will not cheat.

So now, even Chen Wei's senior customer group of CCB and the trading group built by Wang Wentao are discussing this crude oil shellfish product.

However, fortunately, there are many professionals in both groups. The managers of CCB have also analyzed the risks of this product in detail. Not to mention these traders here, they are very clear about some doorways here. Therefore, there are many discussions in these two groups, but there should be no real ones to do.

Chen Weiyi heard that Zhang Chuankai was going to make this crude oil shell. From the standpoint of his friends, he also needs to remind Zhang Chuankai.

"Brother Zhang, I advise you to think it over carefully. This thing is too risky. You'd better not touch it." Chen Wei thought it over and said.

If he didn't think Zhang Chuankai was a good man, he wouldn't mind his own business.

"Really? I don't know much about this thing. Anyway, your sister-in-law has red eyes. What do you say that banks will not cheat people? What's more, crude oil has reached the lowest price in history. Just close your eyes and buy it, and then don't worry. Just keep it. When the crude oil rises, count the money. What's the risk of this thing?"

As soon as Zhang Chuankai heard Chen Wei's words, he picked them up in his heart and asked quickly.

Chen Wei smiled and said: "Now the price of crude oil is very low, but that doesn't mean that crude oil can't fall. In the current international situation, you should also know that the whole economy is almost shut down, factories are shut down, planes and ships are shut down, and cars on the road are 90% less. How much more demand for crude oil can you say? If crude oil is mined and can't be sold, then We can only reduce the price. "

"So!" Zhang Chuankai replied vaguely.

"I can tell you some more data. You should also know that after crude oil is mined, it needs a special place to store it, but you can't just find a place to put it," Chen Wei added.

Zhang Chuankai nodded.

Chen Wei continued: "Storing crude oil requires special warehouses and oil tanks. 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 a lot, but you should know that the world's daily crude oil production is more than 100 million barrels. Originally, the supply and demand were balanced But now, with the reduction of crude oil demand, there are about more than 10 million barrels of crude oil remaining every day. If the crude oil production is not reduced, the global crude oil storage space will be full by may, which also means that there will be no land to produce crude oil. At that time, those oil production companies will face a dilemma. "

"What choice?" Zhang Chuankai probably understood some, but he still didn't quite understand some places.

"Either spend money to expand the oil storage warehouse. Or ask someone to take away the extracted crude oil," Chen Wei said.

"Well, won't they suspend production?" Zhang Chuankai asked puzzled.

Chen Wei smiled again and said, "how can it be so easy? Do you think that the oil well is like tap water. Open it and close it? There are some very complex technical problems involved here, and I'm not too clear. Anyway, once the oil well is opened, it's difficult to completely close it, 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, and we must continue to extract crude oil. The extracted crude oil can either be stored in a large oil depot, or we have to ask grandpa to sue the milk to find buyers everywhere, or even lose money. Does that mean?"

Zhang Chuankai finally understood.

"That's right. Now many so-called analysts are making sound analysis on the cost of crude oil exploitation. Now the oil price is close to the cost of crude oil exploitation. It's impossible to lower it any more. You can rest assured and boldly copy the bottom. In this regard, I can only say, nonsense!"

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