The Reserve Bank of India (RBI) has fined The Hongkong and Shanghai Banking Corporation Limited (HSBC) Rs 29.6 lakh for failing to comply with directives related to credit, debit, and prepaid card ...
HSBC slapped with Rs 29.6 lakh penalty by RBI for non-compliance with card norms
Mumbai: The RBI on Friday said it has imposed a penalty of Rs 29.6 lakh on The Hongkong and Shanghai Banking Corporation Limited (HSBC) for non-compliance with ...
RBI Fines HSBC Rs 29.6 Lakh for Credit Card Violations
The Reserve Bank of India (RBI) has imposed a penalty of Rs 29.6 lakh on HSBC for non-compliance with directions related to credit card operations. The penalty was imposed following a supervisory ...
US and Chinese companies are expecting to raise $500 million from Hong Kong IPOs
Four companies including a Chinese generative artificial intelligence firm and a United States based jet manufacturer launched initial public offerings (IPOs) in Hong Kong on Friday. The companies are ...
HK financial services should adopt digital ID
The rapid expansion of the digital economy, driven by the widespread adoption of digital channels, has positioned digital identity (ID) solutions as a critical enabler for Hong Kong's financial ...
Hong Kong to enhance cross-border transfers for residents who work, live on the mainland
Hong Kong’s monetary authority plans to sign an agreement with the Chinese central bank to find ways to enhance cross-border remittance services to make it easier for Hongkongers who work or retire on ...
RBI imposes penalty of Rs 29.60 lakh on HSBC Bank for not following directions on credit, debit cards
This penalty has been imposed in exercise of powers vested in RBI conferred under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949 ...
Hong Kong’s IPO proceeds plunge to 2-decade low, pushing city down the global rankings
Funds raised from new share listings in Hong Kong dropped to a two-decade low in the first half of the year, pushing the city down several rungs to 13th place in a global ranking of initial public ...
Future Trend Forecast of Hong Kong Online Casino Industry
This article aims to make a technical judgment on the future of Hong Kong’s online casino industry. What technologies may be introduced? What impact will it bring? Please read on. Blockchain ...
Hong Kong jeweller, data-provider listing debuts gives market whiff of optimism
The coming months will be more vibrant, especially with stronger support from Beijing for mainland companies to list in Hong Kong, the city’s finance chief said. “At the moment, in the pipeline, IPOs ...
HSBC Buys back ~6.9M Shrs for HKD470M in Total Ytd
HSBC HOLDINGS (00005.HK) -0.250 (-0.366%) Short selling $247.56M; Ratio 23.713% announced that it repurchased a total of 6.8985 million shares of the company for a total of HKD470 million yesterday ...
Hong Kong stock market will rebound with more IPOs ‘in pipeline’ in second half of year: Paul Chan
Finance chief set to visit Australia in September to promote the city and says government's investment arm is screening 100 potential firms Hong Kong's stock market will be more vibrant in the coming ...
Top Hong Kong Dividend Stocks To Watch In June 2024
As of June 2024, the Hong Kong market has shown resilience with the Hang Seng Index posting modest gains amidst a mixed ... Name Dividend Yield Dividend Rating Chongqing Rural Commercial Bank ...
Hong Kong Stumbles in Its Own Key Test as a Global Financial Hub
Cracking Sackler Shield Bolivia’s President Arce Swears in New Army Chief After Coup Bid China’s Finance Elite Face $400,000 Pay Cap, Bonus Clawbacks Hong Kong’s top court, established in 1997 when ...