It has 275 constituents, the largest of which is Tencent Holdings (11.5%), China Construction Bank (8.1%) and China Mobile (5.3%). The Hang Seng SCHK ex-AH Companies Index tracks companies only listed in Hong Kong, providing relevant benchmarks for ... ( read original story ...)
HSBC Private Bank fined record HK$400 million, as appeals tribunal concludes earlier SFC sanction ‘was correct’
HSBC Private Bank (Suisse) was fined a record HK$400 million (US$51.2 million) on Tuesday by the Securities and Futures Commission, after losing its appeal against a 2015 ruling for misconduct relating to the sale of structured products linked to Lehman ... ( read original story ...)
HSBC Fined a Record $51 Million Over Lehman-Linked Products
HSBC Holdings Plc’s private-banking unit was fined a record HK$400 million ($51 million) over sales of structured products linked to Lehman Brothers Holdings Inc. in Hong Kong. HSBC Private Bank (Suisse) SA will have its license to advise on securities ... ( read original story ...)
Hong Kong finance chief seeks mainland tax break for city’s researchers
Hong Kong’s financial secretary said on Tuesday that he wanted researchers from the city who go to the mainland to develop new technology to be exempted from paying tax there. But Paul Chan Mo-po admitted that the response to that idea in Beijing had ... ( read original story ...)
HSBC Private Bank fined record HK$400m, as appeals tribunal concludes earlier SFC sanction ‘was correct’
HSBC Private Bank (Suisse) has been fined a record HK$400 million (US$51.2 million) by the Securities and Futures Commission, after losing its appeal against a 2015 ruling for misconduct relating to the sale of structured products linked to Lehman Brothers. ( read original story ...)
HSBC Has Fine Over Lehman Products Reduced in Hong Kong
SFC originally imposed HK$605 million penalty on HSBC HSBC Holdings Plc’s private-banking unit was fined HK$400 million ($51 million) over sales of structured products linked to Lehman Brothers Holdings Inc. in Hong Kong, a smaller penalty than the city ... ( read original story ...)
Finance director murdered mistress and sneaked away the body, prosecutors tell Hong Kong court
A finance company director killed his mistress and successfully sneaked the body out of her flat only for it never to be found, prosecutors told a Hong Kong court on Monday. Opening the murder trial of Ivan Chan Man-sum, lawyer Anna Lai Yuen-kee SC said ... ( read original story ...)