Core Viewpoint - The article discusses the emergence of a financial product called "Anwo Stock Insurance," which claims to provide full compensation for stock losses, raising concerns about its legitimacy and potential classification as a Ponzi scheme [1][9]. Group 1: Product Overview - "Anwo Stock Insurance" is marketed as the first internet insurance for stock investors in mainland China, with a minimum investment of 100 yuan and a compensation model that promises full payout for losses on the same day [1][3]. - The product claims an annualized return of approximately 27,233.33%, with a unique post-payment model where the insurance premium is derived from 30% of the profits of the insured stocks [3][4]. - The insurance is managed through an app that automates stock purchases and sales, with a strategy focused on short-term trading (T+1) [3][4]. Group 2: Company Claims and Partnerships - The product is associated with Avo Insurance, a Hong Kong-based company, which has denied any involvement with "Anwo Stock Insurance" and stated that the product is a fraud [5][7]. - "Anwo Stock Insurance" claims to have a strategic partnership with CITIC Securities, which allegedly provides a channel for trading, but this has also been denied by CITIC Securities [4][7]. Group 3: Regulatory Warnings and Fraud Allegations - Multiple warnings have been issued by involved institutions, including Avo Insurance and CITIC Securities, stating that "Anwo Stock Insurance" is a fraudulent scheme and that they have no affiliation with it [5][7]. - Experts have characterized the scheme as a typical Ponzi scheme, where returns are generated by recruiting new investors rather than legitimate investment profits [9][10]. Group 4: Compensation and Marketing Structure - The marketing structure includes a tiered reward system for referrals, incentivizing users to recruit others, which aligns with characteristics of multi-level marketing [10][12]. - The compensation model promises high returns based on the performance of referred clients' investments, but it is suggested that this is a method to bind users' funds and encourage further investment [13][16]. Group 5: Industry Context - The article highlights that there are currently no legitimate insurance products that cover stock investment losses, as traditional insurance does not cover investment risks [16]. - Previous attempts to introduce similar products have faced significant scrutiny and controversy, leading to their withdrawal from the market [16].