Our government has met with bank representatives this morning attempting to discuss the matter at hand and to think of ways to solve this problem.
Professor K.C. Chan, SBS, JP, Secretary for Financial Services and the Treasury and representatives from the Securities and Futures Commission and the Hong Kong Monetary Authority met with 16 banks and 3 agencies and trustees who sold the Lehman Brothers minibonds.
"We are asking banks to work with the supervisory organisations and investigate on the cases of complaint," said Professor Chan. "We explicitly asked banks to deal with the individual cases seriously and quickly."
The Hong Kong Association of Banks is preparing to set up a team to follow-up with the complaints and assist the investors.
The Hong Kong Monetary Authority announced that they have received 3555 reported cases from investors on 30 September - 16 days since the news reported that Lehman Brothers went into bankrupcy.
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