Monday, October 06, 2008

Hong Kong Minibond Buyback Proposal

Financial Secretary John Tsang Chun-wah said the government has proposed that banks to buy back Lehman Brothers minibonds from customers.

I thought this is something to cheerful about seeing Hong Kong taking care of retail investors Trustee, HSBC, commented the buyback will not be 100%.

http://www.thestandard.com.hk/breaking_news_detail.asp?id=7315&icid=1&d_str=20081006

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