The Hong Kong Securities and Futures Commission will consider whether investment products sales contracts should contain a cooling-off period during which investors may unconditionally terminate the contracts.
The commission will also study the feasibility, merits and shortcomings of implementing the proposal with regard to different investment products, it was announced on Wednesday.
Secretary for Financial Services and the Treasury K.C. Chan has told lawmakers that the Hong Kong government attaches great importance to investor protection and education initiatives.
The commission has increased its provisions for investor education in the 2008-09 financial year. It is now considering allocating additional resources to this area.
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