Bank of China court cases

courts cases
Minibonds sales should be derivative sales, also BOCHK has engaged in CDOs trading in head office, why there is no training on sales staffs by banks to HK people are very doubtful.

The qualification of sales management in wealth management sections of BOCHK:- most banks used staffs with degrees to sale trusts, derivative products except most Chinese based banks. Why some BOCHK staffs with degree quit and only those without degrees promoted during 2005-2008 to double their income with sales of Minibonds products.

All banks should have staffs to attend training courses in order to be registered in HKMA, how did banks' sales managers reached these positions OK from HKMA is doubtful for HKMA should have investigated about these staffs training lessons.

There were no mentionings in court about what kind of training of these staffs received in order to reach these positions while in Legco these staffs were fully trained by documents supplied by those banks managing directors. Were these documents created by lawyers for the banks last year when the banks hired lawyers for new regulations purpose.