HKMA presses on with Lehman Brothers cases


The Hong Kong Monetary Authority (HKMA) has said it has so far received 21,761 complaints about Lehman Brothers products, of which 7,727 relate to non-minibond products.

More than 30,000 investors purchased "guaranteed minibonds", which were securities with an embedded credit-risk swap, from Lehman Brothers. When the investment bank collapsed, Hong Kong lenders, including HSBC and the Bank of China agreed to buy the minibonds back, under immense public pressure.

Regarding Lehman Brothers minibon

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