Core Viewpoint - The "Anwo Gubao" platform, marketed as a stock investment insurance product, is revealed to be a financial scam involving false advertising, illegal operations, and pyramid scheme characteristics, posing significant risks to investors' funds [1][3][10]. Group 1: Product Overview - "Anwo Gubao" claims to be the first dedicated stock insurance product for mainland investors, promising full compensation for stock losses within three hours of selling at a loss, without requiring prepayment of premiums [2][3]. - The product is associated with Hong Kong Anwo Insurance Company and falsely claims collaboration with CITIC Securities [2][3]. Group 2: Regulatory Response - The China Insurance Industry Association issued a warning stating that "Anwo Gubao" is not an approved insurance entity and that stock investment losses are not insurable risks [3][12]. - CITIC Securities and Anwo Insurance have publicly distanced themselves from "Anwo Gubao," emphasizing that they have never collaborated on any financial products [3][12]. Group 3: Financial Viability and Risks - The operational model of "Anwo Gubao," which promises full compensation for stock losses while only taking a portion of profits as premiums, contradicts basic insurance principles and financial regulations [4][5][11]. - Experts highlight that the product's structure is unsustainable, as it relies on new investor funds to pay returns to earlier participants, resembling a Ponzi scheme [10][11]. Group 4: Promotion and Recruitment Tactics - "Anwo Gubao" employs a multi-tiered recruitment strategy, incentivizing participants to recruit others, which is characteristic of pyramid schemes [10][11]. - The platform offers a "star-level customer million annual salary plan," where participants can earn significant weekly salaries based on the number of recruits, further emphasizing the recruitment aspect over genuine financial returns [10][11].