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[Alpha Biz=(Chicago) Reporter Kim Jisun] Hana Bank will temporarily stop selling all ELS products. The financial authorities decided not to sell the products for the time being after checking the overall sales of ELSs in the banking sector in the wake of the massive loss of the Hong Kong H Index (hang China Business Index) ELS products this year.
According to the banking sector on the 30th, Hana Bank's non-deposit product committee recommended that ELS products be discontinued in consideration of the current status of the financial market and consumer protection.
While the Hong Kong H index has continued to fall recently, the Nikkei index, which has been on a sharp rise, is also due to increased potential volatility in the global index, with growing concerns over a high point. Hana Bank accepted the recommendation and decided to temporarily suspend ELS sales. Hana Bank said, "We will closely monitor the market situation and resume sales with the approval of the non-deposit product committee."
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
