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

South Korea Watchdog to Take Action Against Sellers of Chinese Equity Derivatives
People walk past a screen displaying the Hang Seng stock index at Central district, in Hong Kong, China, on Oct. 25, 2022. Lam Yik/Reuters
Aldgra Fredly
Updated:
0:00

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.