China Calls For Probe Into Oil-Linked Product That Burned Tons Of Investors

The financial industry regulator of China has asked one of the largest lenders in the country, Bank of China, to investigate problems of its structured products linked to oil benchmarks that burnt many Chinese investors in last week’s market carnage.   China Banking and Insurance Regulatory Commission (CBIRC) told Reuters on Thursday that it had asked Bank of China to look into its crude futures-linked product. The regulator has also called on banks to carefully assess risk when offering and structuring products linked…