Closing the gap

Hong Kong regulation

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Some banks have been quietly griping about inconsistencies in Hong Kong’s structured products market for the past year or so. The grumbling centres on differences in the regulatory framework for structured notes compared with that for funds. Why is it, some bankers ask, that under current rules, two retail investment products can be structured with almost identical features and payouts, yet have to meet vastly different regulatory requirements depending on whether they are issued as notes or

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