Hong Kong Minibond distributors may buy back products

“The proposal was met with a positive response from some banks while other distributors have also undertaken to give it serious consideration,” says John Tsang, financial secretary of Hong Kong. “It will avoid the need for investors to go through a long and tedious liquidation process and will enable the investors to get some of their money back quickly.”

Meanwhile the Hong Kong Monetary Authority (HKMA) says it has received 5,567 complaints from retail investors alleging improper selling of

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