Core Viewpoint - The article discusses the emergence of a new insurance product called "Anwo Stock Insurance," which claims to provide full compensation for stock losses on the same day, raising concerns about its legitimacy and potential classification as a Ponzi scheme [5][12][15]. Summary by Sections Introduction - "Anwo Stock Insurance" is marketed as the first internet insurance for stock investors in China, with a minimum investment of 100 yuan and a one-day investment cycle [3]. Product Details - The insurance product is offered by Avo Insurance, a Hong Kong-based company, and operates on a post-payment model where premiums are derived from capital gains [5][6]. - The expected returns for insured stocks are projected to be between 1% and 10% [6]. Operational Mechanism - The product allows customers to buy recommended stocks and automatically sells them the next trading day, with claims processed within 10 minutes to 3 hours if losses occur [7]. Regulatory Response - Avo Insurance has issued multiple clarifications denying any association with "Anwo Stock Insurance," labeling it as fraudulent [9][12]. - Citic Securities also issued a warning about false claims of collaboration with Avo Insurance [12][13]. Fraudulent Characteristics - Experts describe "Anwo Stock Insurance" as a typical Ponzi scheme, utilizing fake endorsements and high promised returns to attract investors [15]. - The promotional structure includes a tiered reward system for recruiting new clients, resembling multi-level marketing tactics [17][20]. Market Context - The article highlights that no legitimate insurance products currently exist that cover stock investment losses, emphasizing the distinction between insurable risks and investment risks [23].