South Korea Watchdog to Take Action Against Sellers of Chinese Equity Derivatives

Published on March 11, 2024

South Korea’s financial regulator said on Monday that it will take action against banks and brokerages involved in the sales of derivative products linked to Hong Kong-listed Chinese stocks. The Financial Supervisory Service (FSS) said that its investigation found “various cases of illegal and unfair practices” in the sales of equity-linked securities tied to the Hang Seng China Enterprises Index. Hang Seng China Enterprises Index is a benchmark reflecting the performance of China-based companies listed in Hong Kong. According to the FSS, these unfair practices include “incomplete sales,” wherein consumers are not provided with all necessary product information, such as contract terms and investment risks....

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