Search results for Hong Kong ELS
Finance
Financial sector audit to focus on household loans, ETFs and financial incidents
South Korea’s National Assembly will hold its annual state audit from Oct. 6 to 27, putting financial authorities and lenders under scrutiny. Key issues include household loan growth targets, governance reforms and internal controls following repeated financial incidents. Regulators’ oversight of single-stock leveraged ETFs, Hong Kong H-index ELS penalties and banks’ ETF trust sales fees are also expected to be questioned. Policy banks’ incidents and the progress of reforms at the National Agricultural Cooperative Federation may be reviewed.
Finance
Top four financial holding groups set for record first-half profit above 11 trillion won
South Korea\'s four biggest financial holding groups, KB Financial, Shinhan Financial, Hana Financial and Woori Financial, are expected to post combined first-half net profit above 11 trillion won, a record for the period. Estimates point to higher bank interest income on rising market rates and improved results at securities units amid active stock trading. A potential refund of provisions tied to Hong Kong H-share ELS fines could also support earnings, depending on final decisions.
Finance
Capital market rules tighten as MyData programme expands
South Korean financial authorities are accelerating efforts to tighten capital market discipline, pledging tougher action against illegal practices aimed at avoiding delisting and pushing for timely exits of so-called zombie firms. Korea Exchange will introduce rules from July to delist penny stocks and raise standards for dealing with weak companies. Regulators also plan to curb duplicate listings and tighten reviews. Some decisions, including Hong Kong ELS fines and Samsung Securities approvals, remain delayed.
