Six companies are set to start trading in Hong Kong this week after raising a combined HK$4.31bil (US$551mil) in the busiest week this year for initial public offering (IPO) debuts.
HSBC fined $3 million over incentives given to unauthorised agents for MPF scheme
HSBC has been fined HK$24 million ($3.07 million) for offering incentives to "unregistered intermediaries" to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong ...
HSBC fined $3 million over incentive offers to agents around MPF scheme
HSBC has been fined HK$24 million ($3.07 million) for offering incentives to "unregistered intermediaries" to get clients to join its Mandatory Provident Fund (MPF) scheme in 2020 and 2021, Hong ...
HSBC fined £2.4m by Hong Kong’s pensions regulator
HSBC has been fined HKD 24m (£2.4m) by Hong Kong's pension regulator, it was reported on Monday, for offering incentives to unauthorised agents to promote its Mandatory Provident Fund (MPF) scheme in ...
Hong Kong banks ramped up hiring but investment bankers laid off
Trade and private bankers are most in demand, although banks are cautious. The recovery of staff numbers in HSBC and other banks in Hong Kong propelled the number of total bankers employed in the city ...
Hong Kong draws US$1.3 billion from investors with city’s cash-for-residency olive branch
Hong Kong has attracted more than HK$10 billion (US$1.3 billion) under the four-month-old, cash-for-residency scheme, as the city pushes ahead with its family office hub ambitions.
Hong Kong’s US$1.3b pile from residency scheme a boon for family office hub goals
Hong Kong has attracted more than HK$10 billion (US$1.3 billion) under the four-month-old, cash-for-residency scheme, as the city pushes ahead with its family office hub ambitions.
Hong Kong’s government seeks to regulate online car-hailing platforms
The Hong Kong government is seeking to regulate online car-hailing platforms through licensing and impose tougher penalties on illegal ride services ...
Hong Kong’s government seeks to regulate online car-hailing platforms, a move likely to affect Uber
The Hong Kong government is seeking to regulate online car-hailing platforms through licensing and impose tougher penalties on illegal ride services.
Man sentenced to life for killing Hong Kong worker dies after being found hanged in cell
A 32-year-old man convicted of murder died after he was found hanged at a maximum-security prison in Hong Kong, the Correctional Services Department said on Monday. The man was discovered by a ...
Creator who inspired Hong Kong art installation walks back criticism of show organisers
Artist Joann says organisers were inspired by her AI work and not required to replicate designs exactly after earlier calling pieces ‘ugly’ ...
Hong Kong’s cash-strapped Urban Renewal Authority seeks out Singapore, Macau investors
Statutory body also says it plans to issue bonds after it recorded HK$3.9 billion annual deficit, its second year of loss in a row.
DBS HK fined US$1.28m for anti-money laundering, review lapses
The bank failed to conduct due diligence in ‘high risk situations’ from 2012 and 2019. The Hong Kong Monetary Authority (HKMA) is fining DBS HK$10m (approximately US$1.28m; S$1.73m) for contraventions ...
Stiffer penalties proposed to curb Hong Kong’s illegal ride-hailing services
Transport and Logistics Bureau says it will also strengthen local taxi services through launch of premium cab fleets next year.