Click to play videoHong Kong: Retirees in Hong Kong fear they may have lost their entire life savings. They say it is the banks that are to be blamed.
One such retiree, Siu Pik Wah couldn't hold back the tears.
“I invested 500,000 Hong Kong dollars and bought some equity-linked products. They (banks) told me it's a safe bet and there is no need to worry, just buy it, laments Siu.
Siu was one of dozens of angry protesters who showed up in front of lawmakers' offices in Hong Kong this week.
They accused local banks of misleading them about investment products backed by failed US investment bank, Lehman brothers, and coercing them into buying complex banking products without knowing the risks.
They want the government to get them a full refund.
SIU says she didn't know the risk because no one told her.
She says she opened her first account with Standard Charter almost 40 years ago as a teenager. After such a long relationship, she says she trusted the person at the bank.
CNN asked Standard Charter about Siu's allegations, and the bank says it has "stiringent guidelines for selling investment products", and it makes sure every investor understands the level of risk involved.
Sui was banking on her investments for her future expenses and now she is wary of how to survive.
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