Li Canzhen: Introducing a single stock leveraged ETF is a policy failure and dissatisfaction with future asset and securities allocation

Lee Can jin, the President of the Financial Supervisory Authority of South Korea, expressed regret over the introduction of Samsung Electronics and SK Hynix single stock leveraged ETFs and acknowledged the policy failure. Li Canzhen pointed out that the extremely high turnover rate of this product only benefits securities companies, and it is estimated that securities companies can obtain transaction fees of up to 10 trillion Korean won. They are preparing investor safety measures. Li Canzhen is wary of the statistical illusion in the debt investment boom and expresses dissatisfaction with the distribution of future asset securities in SpaceX's new stock subscriptions, stating that the distribution process is unbelievable and will share the inspection results.