A group of mainland Chinese investors claim they lost 500 million Hong Kong dollars (64 million dollars) after being misled by Hong Kong banks, a media report said Saturday.
The banks - HSBC, Hang Seng Bank, Citibank, DBS Bank and ABN Amro Private Banking - were accused by the Chinese investors of selling high-risk equity accumulator investments as low-risk products, the South China Morning Post newspaper said. More...
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