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Banks, brokerages under probe over HSCEI-tied ELS mis-selling suspicions

The financial authorities have launched an investigation into the country’s top commercial lenders and brokerages over the irresponsible sales of equity-linked securities (ELS), high-risk derivatives tied to the performance of the Hang Seng China Enterprises Index (HSCEI), market watchers said Sunday. The highly volatile index encompasses 50 shares of Chinese firms traded outside mainland China.
Hang Seng China Enterprises Index Financial Supervisory Service Kb Kookmin Bank Supervisory Service Governor Lee Bok Hyun Korea Times Mirae Asset Securities

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