• Tue
  • Dec 23, 2014
  • Updated: 2:20am

Financial Products

SFC reforms aim to boost safeguards for investors

 Ashley Alder. Photo: Sam Tsang

Under the proposals released yesterday for a three-month consultation, banks and brokers would be required to carry out suitability tests to assess if certain complex products are too risky for these clients.

Thursday, 16 May, 2013, 4:03am

Mis-selling financial products

The collapse of Lehman Brothers in 2008 sparked a wave of protests from retail investors who lost millions in minibonds. As a result, the role of the regulators came under scrutiny. Photo: David Wong

The terms and conditions in the standard account opening agreements between banks and customers have been the subject of litigation when things go wrong. Some of the most common clauses are looked at today - non-reliance clauses.

 

What are non-reliance clauses?

2 Jan 2013 - 7:15am

Lenders told to monitor shadow banking sales

Panicked investors rushed to Huaxia Bank following reports that a wealth management product had stopped making payments.

The mainland's banking regulator has called on lenders to tighten checks on third-party products sold through their branches in a bid to step up regulation of the shadow banking sector.

20 Dec 2012 - 3:19am

Letters to the Editor, December 10, 2012

Starbucks stirred anger over unpaid dues. Photo: EPA

Police's holistic scheme fights animal cruelty

I refer to Ms Iris Ma's letter ("Set up police unit to curb animal abuse", December 3) and the article by Ms Patsy Moy ("Police unit urged after stray cats slaughtered", December 3).

10 Dec 2012 - 1:28am 1 comment

SFC aims to shield Hong Kong's retail investors

SFC chief executive Ashley Alder says prevention of miss-selling is a priority for regulators around the world. Photo: Sam Tsang

The Securities and Futures Commission will issue more proposals next year to prevent the misrepresentation of financial products to retail investors as part of its work with international financial regulators, according to SFC chief executive Ashley Alder.

28 Nov 2012 - 4:25am

Hang Seng customers seek havens in uncertain times, says bank chief

Hang Seng Bank executive director Andrew Fung says the bank's customers want stable long-term investments. Photo: Bloomberg

Hang Seng Bank would continue to offer low-risk investment product services to meet customer demand, executive director Andrew Fung Hau-chung said.

In the current climate, investors preferred bonds or low-risk products over high-risk high-return products, said Fung, who is in charge of investment and treasury at Hang Seng.

17 Sep 2012 - 2:15am

Banks must do more after Lehman debacle

The latest attempt by 16 of the city's banks to put the Lehman Brothers minibonds affair behind them will see up to 31,000 investors get most of their money back, leaving them out of pocket by HK$3.50 in every HK$100, plus what they would have earned on more prudent investments.

30 Mar 2011 - 12:00am

A wealth of experience

Abby Ng Wai-yee is the sales director for wealth management at Sun Hung Kai Financial (SHKF). She formulates business plans for her sales team and provides personalised solutions for her clients. Her role also includes following new sales leads, providing financial analysis reports and keeping a close eye on local and global economic and market trends.

28 May 2010 - 12:00am

letters

Need for re-think on risky investments

Hong Kong's investors are very worried about the slumping stock markets.

Everybody should know that stock markets have their ups and downs.

When the Hang Seng index topped 30,000 for the first time ever in 2007, people who knew very little about stock trading rushed to buy shares.

26 Feb 2009 - 12:00am

letters

Need for re-think on risky investments

Hong Kong's investors are very worried about the slumping stock markets.

Everybody should know that stock markets have their ups and downs.

When the Hang Seng index topped 30,000 for the first time ever in 2007, people who knew very little about stock trading rushed to buy shares.

26 Feb 2009 - 12:00am

The road ahead

Career expectations of a financial planner

Years 1 to 3 The initial focus is on learning the different financial products, attending training courses and accumulating a client base of between 100 and 200 households.

26 Sep 2008 - 12:00am

Warning issued over financial products

Consumers have been warned to be cautious about the potential risks of certain 'high-yield' products such as equity-linked deposits.

15 Mar 2008 - 12:00am

Minsheng profit surges 70pc on robust credit

China Minsheng Banking Corp, the mainland's first privately owned lender, said profit for the first nine months this year jumped 70 per cent as it earned more fees, commission and interest amid rising demand for financial products and loans.

20 Oct 2007 - 12:00am

Single women take low-risk route to capital gain

Selecting a bespoke financial plan is not something any investor can simply pick off the rack. A variety of financial products have been designed and calculated for individual needs in relation to age and financial background.

12 Oct 2007 - 12:00am

Solutions to meet new needs

GLOBAL FINANCIAL markets continue to develop at a breakneck pace and financial institutions are striving to produce increasingly innovative financial vehicles to satisfy investors' needs.

Structured products are an example of these new solutions. They combine or subdivide existing instruments to create new financial products.

12 Jan 2007 - 12:00am

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