Reaching out
Hong Kong has been at the cutting edge of the structured products revolution over the past five years, seeing a wave of innovative and complex notes and funds sold to retail investors. However, sizeable losses on so-called accumulator products in recent months have sparked some complaints of mis-selling. Radi Khasawneh talks to Martin Wheatley, chief executive of the Securities and Futures Commission in Hong Kong
There was a time, back in 2004, when you couldn't walk through the central district of Hong Kong without spotting an advertisement for the latest structured products launch. Retail investors had embraced the concept wholeheartedly, attracted by high initial coupons, relatively short maturities and the potential for outsized returns. And like many investors in the US and Europe, retail customers
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