HK tightens regulation of complex products

The International Commerce Centre (left), the 484-meter high skyscraper under construction, along with luxury residential apartments The Harbourside (center) and The Arch (right) are seen at the reclaimed West Kowloon in Hong Kong yesterday. Hong Kong officials yesterday said they have tightened regulation of complicated investment products after thousands of local retail investors were burned by Lehman Brothersbacked derivatives last year.