2020年4月21日，纽约商品交易所WTI原油5月期货期满了结，结算价为每桶-37.63美元，是国际原油期货历史上首次出现负油价。与此同时，中国银行面向公众推介的挂钩WTI原油期货的产品“原油宝”发生风险事件，造成投资者巨额损失。本报告通过系统梳理“原油宝”穿仓事件的背景及发展历程，深入剖析“原油宝”在产品属性、产品设计及风险控制等方面存在的问题，揭示商业银行在理财产品业务创新中存在的风险管理漏洞。在反思“原油宝”风险事件的基础上，本报告提出了提高我国金融消费者专业素养、压实商业银行消费者保护主体责任、提高监管效能等相关建议。
On April 21，2020，the May futures of WTI crude oil on the New York Mercantile Exchange expired，and the settlement price was -37.63 US dollars per barrel，which was the first negative oil price in the history of international crude oil futures. At the same time，a risk event occurred in the product linked to WTI crude oil futures promoted by the Bank of China to the public，causing huge losses for investors. This article systematically sorts out the background and development of the event of personal account crude oil product of Bank of China，and deeply analyzes the problems of personal account crude oil product of Bank of China in terms of product attributes，product design and risk control，in order to reveal the commercial bank’s innovation in wealth management products Vulnerabilities in risk management. On the basis of rethinking the risk outbreak of personal account crude oil product of Bank of China，this article puts forward relevant suggestions to improve the professionalism of China’s financial consumers，consolidate the main responsibility of consumer protection of commercial banks，and improve the effectiveness of supervision. The research in this article has important implications in promoting the high-quality development of China’s banking industry under financial opening.
