Interest rates take their toll in Hong Kong, says SFC

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Rising interest rates may have dampened investor appetite for retail structured notes, causing the market to shrink, according to a report by Hong Kong's financial watchdog the Securities and Futures Commission (SFC).

In the 12 months ending June, a total of 147 retail structured notes were issued, totalling HK$9.76 billion (US$1.25 billion). Although the number of notes issued rose by 53%, the average issue size decreased by 52% compared with the 175% increase a year ago.

The report notes tha

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