1Financial regulator chief warns ahead of leveraged products for stocks
Financial Supervisory Service Governor Lee Chan-jin 1warned against excessive investment ahead of leveraged products for stocks. Celltrion said it considers itself undervalued and will review ways to enhance shareholder value.
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Financial Supervisory Service Governor Lee Chan-jin 19 days 1before leveraged products for stocks are launched, he said investors should be alert to excessive investment. The governor said investors need to properly understand the risk of losses. His remarks cautioned against excessive enthusiasm for investing ahead of the launch of the related products.
1Leveraged products for stocks are designed to track the share-price movements of a single company to a greater extent. They can generate greater returns when the share price rises, but losses can also be greater when it falls. The governor’s remarks came ahead of the launch of products with this structure.
Celltrion 18 said the company’s value was being assessed far below its actual worth. Celltrion said it would review measures to enhance shareholder value. Specific measures and their implementation timeline were not disclosed separately.
Procedures related to Hong Kong equity-linked securities also continued. The Financial Services Commission13returned the Hong Kong equity-linked securities sanctions plan to the Financial Supervisory Service. The plan has now returned to the Financial Supervisory Service stage.
Financial Supervisory Service Governor Lee Chan-jin15suggested the possibility of reducing fines related to Hong Kong equity-linked securities. A reduction in fines means the level of sanctions could be lowered. The Financial Services Commission’s return of the plan and the FSS governor’s remarks came in the same week.
A personnel schedule was also announced ahead of a reorganization of the prosecution service.7The final personnel appointments are being discussed as likely to focus on promotions while minimizing transfers. In Gwangju,61a large-scale festival is scheduled to mark Citizens’ Day.