Hong Kong watchdog steps up monitoring of fund managers amid volatility

The Business Times | Mar 27, 2020 at 12:00 AM
  • Hong Kong’s markets watchdog warned fund managers on Friday to be careful when selling illiquid investment products to clients during market volatility caused by the new coronavirus in Hong Kong and globally.
  • A gauge of volatility on Hong Kong’s benchmark Hang Seng Index shot up to 64.8 this month, its highest level since 2008.