Vice Chairman Kim Soyoung of the Financial Services Commission presided over an open seminar for seeking remedies for large-scale investor losses caused by misselling of Hong Kong H-index based equity-linked securities (ELS) products with market experts and consumer groups participating on November 5. At the seminar, Vice Chairman Kim said that it is now important to comprehensively look into the situation of the sale of highly complex investment products in order to bring about improvements through which a proper balance can be established between the principle of consumer protection for financial companies and that of self-accountability for financial consumers. To this end, Vice Chairman Kim said that authorities will come up with comprehensive measures which will take into account what has been discussed at today's meeting.
Vice Chairman holds open seminar to seek improvements for the sale of highly complex investment productsNov 05, 2024