A brave new world

The Asian structured products market is almost unrecognisable from a year ago. Products like accumulators and range-accrual notes have been consigned to history, as issuers and distributors seek new ways to cope with turbulence. By Richard Jory.

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Asia's contingent of retail investors took their protests to the streets in Hong Kong a day before the start of the Structured Products Asia 2008 conference, and their concerns dominated the panel sessions and break-time conversation.

"In the past, customers would only focus on the deal - they would not look at the credit risk," said Bruno Lee, head of wealth management at HSBC in Hong Kong, on a panel on day one at the Island Shangri-La hotel. Fellow panelist Henry Pang, head of equities and

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