Regulator unveils plans to compensate losses from derivatives linked to Chinese stocks
Mar 11, 2024
The financial regulator on Monday unveiled a set of plans that advise banks and brokerages to compensate losses from derivative products tracking Chinese stocks listed on the Hong Kong exchange. The Financial Supervisory Service (FSS) said its preliminary inspection, conducted for two months since Jan. 8, has verified "various cases of incomplete sales" involving equity-linked securities (ELS) products tracking Hong Kong's H Index. The outstanding value of such products stood at 18.8