Financial Supervisory Service begins on-site inspection early due to concerns over Hong Kong ELS losses
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stockmk2020@alphabiz.co.kr | 2023-12-13 03:46:36
[Alpha Biz=(Chicago) Reporter Kim Jisun] Amid growing concerns over losses by investors of related equity-linked securities (ELS) due to the fall in Hong Kong's H index, the Financial Supervisory Service has decided to launch early on-site inspections if necessary even before losses are confirmed.
According to data reported by the Financial Supervisory Service to members of the National Assembly's National Policy Committee on the 11th, the monthly maturity of Hong Kong H Index ELS products in the banking sector (KB Kookmin, Shinhan Bank, NH Nonghyup, Hana Bank, SC Cheil, etc.) amounts to KRW 9.2,000 trillion in the first half of the year alone.
In particular, the maturity will increase from 8,000 billion won in January next year to 1.4,000 trillion won in February and 1.6,000 trillion won in March It is expected to reach a peak of 2.6,000 trillion won (58.1%) in April.
The maturity in the second half of next year is about 4.2,000 trillion won (26.7%).
The Financial Supervisory Service explained, "The amount of maturity is expected to continue to increase from January to April next year and gradually decrease after peaking in April."
According to the quarterly maturity distribution, it was 3.8,000 trillion won in the first quarter of next year and 5.4,000 trillion won in the second quarter.
Kookmin Bank had the largest maturity of KRW 2 trillion in the first quarter, followed by Nonghyup (KRW 9,000 billion), Shinhan (KRW 6,000 billion), and Hana (KRW 1,000 billion).
In the second quarter, Kookmin Bank was 2.8,000 trillion won, Shinhan 9,000 billion won, Nonghyup 7,000 billion won, and Hana 6,000 billion won.
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