The Financial Conduct Authority said three key parts of HSBC’s automatic monitoring system had serious weakness over an eight-year period until March 2018. ( read original story ...)
HSBC suffers money-laundering déjà vu
HSBC , executives must be suffering from a sense of déjà vu. Britain’s Financial Conduct Authority on Friday fined the global bank 63.9 million pounds for deficiencies in its anti-money laundering ... ( read original story ...)
HSBC Fined GBP63.95M for Anti-money Laundering Failings
The UK Financial Conduct Authority (FCA) today (17th) announced that HSBC HOLDINGS (00005.HK) had been fined GBP63.95 million for failings in the anti-money laundering process, reported Reuters. Three ... ( read original story ...)
HSBC Puts Best Lending Rate On Hold at 5%
HSBC announced that it maintained the best lending rate intact at the current level of 5%. The last adjustment was dated back on 1 November 2019, when the rate was cut by 12.5 bps. Meanwhile, the bank ... ( read original story ...)
Hong Kong Holds First Election Without Opposition. But Will People Vote?
Sunday’s election will feature only Beijing-approved candidates, after an overhaul of voting rules and a crackdown on the city’s opposition. ( read original story ...)
Investors keep faith in SenseTime as Chinese AI start-up gets about US$500 million in cornerstone investment, say sources
Nine investors took part in the fundraising, with Mixed-Ownership Reform Fund pledging US$200 million, sources said. ( read original story ...)
Tencent, Alibaba push Hang Seng into weekly loss as US sanctions more Chinese firms over Xinjiang issues
Hong Kong stocks slipped, heading for a weekly loss, after the US sanctioned more Chinese tech companies and added others to a blacklist for alleged human rights abuses in the far-west Xinjiang region ... ( read original story ...)
HKSTP Joins Global Leaders Avnet and ORIX to Nurture Promising Startups and Form a GBA-wide Hardware and Digital Technologies Eco-system
Mr. Peter Mok, Head of Greater Bay Area, HKSTP (right), and Mr. Alan Chui, Supplier Business Management President, Avnet Asia, officiate at the strategic co-incubation agreement signing ceremony to ... ( read original story ...)
Hong Kong the ‘most important’ channel for financial activity between U.S. and China: Advisory firm
Kurt Tong of The Asia Group says he doesn't foresee either a "full-on" financial decoupling between the U.S. and Hong Kong or the U.S. and China, but the situation is becoming more "cumbersome." ... ( read original story ...)
Alibaba, Tech Stocks Drag Hang Seng Lower As US Imposes More Sanctions
JD.Com Inc. (NASDAQ: JD), Tencent Holdings Inc. (OTC: TCEHY), Baidu Inc. (NASDAQ: BIDU), Li Auto Inc. (NASDAQ: LI) and ... ( read original story ...)
Hong Kong shares rise
Hong Kong shares rose on Thursday after an upbeat economic outlook from the US Federal Reserve boosted global risk sentiment, while the healthcare sector jumped more than 3% to snap a four-day slump. ( read original story ...)
Tech stocks push Hang Seng into weekly loss as US sanctions more Chinese firms over Xinjiang issues
Hang Seng Index has declined 3.5 per cent so far this week as market struggles for traction on either rate-cut bets or risk from further US sanctions Tech stocks remain a drag to overall sentiment as ... ( read original story ...)
Here Are the Key Findings From OneSpan’s Global Financial Regulations Report
OneSpan released its second annual Global Financial Regulations Report, that outlines major developments in the regulatory landscape. ( read original story ...)
Hong Kong public gears up to vote amid new election laws
Hong Kong voters are preparing to vote for the first time this weekend since election laws were changed, amid a dearth of opposition candidates months after the city began cracking down on dissent. ( read original story ...)