Civil lawsuits brought by China Bank's crude oil treasure customers against China Bank's head office, branches and defendants will be under the centralized jurisdiction of the local grass-roots people's courts or intermediate people's courts respectively. Among them, we take Jiangxi Province as an example. In Jiangxi Province, China Bank's crude oil treasure customers refer to customers who use China Bank's bank card to handle crude oil treasure business in Jiangsu Province; China Bank Branch refers to the bank used by customers to handle crude oil treasure business, and the bank card of China Bank is opened in Jiangsu Province. According to the amount of litigation subject matter, it shall be under the jurisdiction of the basic people's court, the people's court of Gulou District of Nanjing City and the intermediate people's court according to law.
On April 20, an American crude oil incident occurred. During this period, the reconciliation between some investors of Crude Oil Treasure and Bank of China has been deadlocked, with each side holding its own words. However, some investors of Crude Oil Treasure are unwilling to settle, because in the communication process between China Bank and investors after the Crude Oil Treasure incident, investors have always felt that they are not respected, and the compliance and risk control of crude oil treasure product design cannot be clearly answered, and investors are dissatisfied with the settlement plan. During the three-month tug-of-war, some crude oil treasure investors were determined and unwilling to sign a settlement agreement. Some investors reached a settlement through consultation with Bank of China, while others held a wait-and-see attitude.