Search results for Hong Kong ELS
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.
Finance
Hong Kong ELS fine decision delayed again as FSC deliberates for two months
A decision on fines over banks\' alleged mis-selling of equity-linked securities tied to Hong Kong\'s H-share index has been delayed again in South Korea. The Financial Services Commission did not put the item on the agenda for its regular meeting on April 15, making a conclusion this month unlikely. The FSC received the case from the Financial Supervisory Service\'s sanctions panel in February but has yet to decide. The panel had decided on about 1.4 trillion won in fines.
