Comparison Between HK and SG for minibond incident

[JinGanKor]

HK: Victims went out on the streets to protest.
SG: Victims or anybody are not allowed to protest on the streets and voice out the injustice that they have suffered.

HK: HKMA the regulator spoke with the investors and promise to help them to the extend of suspending bank licenses.
SG: MAS ask the investor to go back to their individual banks. After more complains, they said that they have no power to force the banks to compensate.

HK: Regulators initiate investigation into mis-selling.
SG: Regulators ask the banks to appoint their own investigators.


HK: Political leaders said they will help investors with whatever they can do.
SG: Political leader said "But that’s life — if you want to have a good rewards, you’ve got to take risk. ...Otherwise, leave your money in your CPF ... Four per cent is a fabulous return without risk "

HK: DBS Bank in Hong Kong offer full compensation.
SG: DBS SG compensation? wait long long...

So after this comparison, we all have a clearer understanding what kind of leaders and systems that we are having, with the price of paying at least 5x more to these people.

 

[eeoror88]

Totally ridiculous !!

If DBS really pays, it will open a wide pandora box in the future. Any investment goes sour, the buyers will say misleading, etc and take back money !!

Like that I also want to invest. Sure win no lose one !!

 

[tiulehloumoh]

Yeah, take all your money and invest in HKG.... you can kpkb there is any thing goes wrong.......

Here you want bet, prepare to get burn .......

 

[R4g3]

This kind of reaction is not surprising at all, knowing that how they are linked together.

just like father, brother, sister, wife, son all ganging up to rob with different roles. when son is caught, of course the other family members will help him.

 

[Zombie]

If investors can prove "misleading", you should know HK's style, they go straight to court to take back every single cents.

If they cannot prove "misleading", there is nothing a 3rd party can do. But HKMA must still try for golden horse award.
And DBS HK takes the opportunity to improve their image, maybe pay a little "advertising" fees.

 

[R4g3]

hard to prove, but in HK there might be still a chance.

right here, even they wayang and offer the same compensation, eventually they will push away most or almost all of the investor, leaving a small % of the lucky ones so that they can brag through the media.

 

[dysentry]

macham comparing HK Peninsula Hotel and SG Peninsula Hotel, no horse run...

SG is a shakespearean tragedy...