South Korea Watchdog Intensifies Crackdown on China-Linked Notes
January 7, 2024--Regulators to start an investigation into 12 banks and brokers
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Authorities will start investigating 12 institutions on Monday to determine if there was any wrongdoing over the sale of equity-linked securities that are tied to the Hang Seng China Enterprises Index, according to a statement from the Financial Supervisory Service. The biggest sellers among the firms to be probed are KB Kookmin Bank and Korea Investment & Securities Co., it added. |