Hong Kong consumers angry after being sold complex insurance product ILAS

In February last year, Leung Chung-yan, 27, had some potentially cancerous masses removed from her breasts. The kindergarten teacher did not have medical insurance to cover the operation and had to borrow money from her family to pay the bill.

Worried that she would have to undergo more operations - her aunt was losing a long battle with breast cancer - she decided she better save some money. Knowing little about investing, Leung met a friend, Cat Lau, who worked at Convoy Financial Services, an advisory firm.

via Business feed http://www.scmp.com/business/money/investment-products/article/1262327/hong-kong-consumers-angry-after-being-sold