Lehman Brothers’ related mini-bonds

Dear Financial Secretary and Chief Executive of HKSAR,

From the news reports up to the moment of writing, I understand that the investors are suffering a tremendous, unexpected and innocent loss in the captioned investment.

Please be informed that at the time of selling the structured investment products, investors were also told by your selling staff of distributing banks that the corporations in the list of the credit event were much stronger than distributing banks in terms of capital and scale. The possibility of occuring the credit event for distributing banks are much higher than those in the list of credit event and the investors relied on distributing bank(s)' mis-presentation and thus made the investment accordingly.

The innocent loss, it is obvious that is totally due to the distributing bank(s)' mis-representations made to investors.

If the financial losses are not fully compensated by paying back investors the orginal invesment, I believe following would likely be resulted:

1. Numerous litigations.
2. Comprehensive loss of faith in current banking system.
3. More different bank accounts will be opened and increased with each with a consolidated total deposit <>
4. The business of private safe box and/or banks' safe box will be increased
i. to an extent to reflect the citizens' degree of faith in current banking system,
ii. due to the extremely low interest in banks' deposit, ( the risks and return decision criteria),
5. If it were to happen, the economy were sure to go down due to the de-amplifier effect of ill-liquidity of cash.
6. Enitities in financial services sector will be the first hard hit.
7. Employees laying-off would commence.
8. The turnover in Real Estates market would drop.
9. The business for solicitors of conveyencing and contruction industry decline.
10. The prices of Real Estates market would also drop.
11. The problems of negative value of Real Estates would come again.
12. Individual bankruptcy and commiting suicide would surge again.
13. The businesses for solicitors/accountants who conduct the businesses of insolvency would be increased.
14. Tax revenue would diminish.
15. Social welfare expenses would surge substantially.
16. The two extremes of poorness and wealth would further enlarge.
17. Social greivences accumulating and were to explode even due to a minor excuse.
18. Confrontation and demonstration would be frequent every day or week.
19. The government of HKSAR might lose the control, then.

Hoping that investors may get back their investment soon.

Thank you.