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 ...
Hong Kong’s audit regulator says whistle-blower allegations against PwC not supported
Review of PwC’s internal investigation shows there is no evidence to support some of the allegations made by anonymous whistle-blowers, AFRC says.
HSBC HOLDINGS Reportedly Shaking up its I-bank
HSBC HOLDINGS (00005.HK) is reshaping parts of its investment bank and merging several of its industry coverage groups, Bloomberg quoted people familiar with the matter. These moves will purportedly ...
Cirrus Aircraft prices its stock midrange at HK$27.50 as pace of Hong Kong’s IPOs picks up
An aircraft assembler has priced its stock at the middle of a range in Hong Kong, becoming the first company of its kind to raise capital on the local exchange, as the city’s pace of fundraising picks ...
Hozon plans to use Hong Kong IPO as launching pad to fund export of its Neta electric cars
We look to grow bigger and stronger by localising our best technologies, products and services in markets worldwide,’ co-founder Fang Yunzhou says.
Two Hong Kong IPO debutants sink 15% as mood remains negative
SYDNEY (Reuters) -Two Chinese companies sunk by 15% in their Hong Kong initial public offerings (IPO) debuts on Wednesday, while a small Chinese petroleum refiner soared nearly 30% as sentiment ...
Hang Seng opens higher after Powell testimony
The Hang Seng Index rose just over 90 points ... might do more than he did to telegraph that a cut was on track for the central bank's September meeting. On the mainland, the Shanghai Composite Index ...
Chinese start-up Hozon eyes new overseas markets for Neta EVs after Hong Kong IPO
We look to grow bigger and stronger by localising our best technologies, products and services in markets worldwide,' co-founder Fang Yunzhou says Hozon New Energy Automobile, the Chinese start-up ...
HSBC fined S$4.15M for offering incentives to unregistered intermediaries in MPF scheme
SINGAPORE: HSBC, the largest lender in Asia, has been fined HK$24 million (approx. S$4.15 million) by Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA). The penalty stems from HSBC’s ...
Singapore’s revamped anti-money laundering measures frustrate wealthy Chinese enough to leave for Hong Kong
These regulatory changes have sparked frustration among wealthy Chinese residents and prompted them to reconsider their financial base ...
While Singapore scrutinises, Hong Kong wins back wealthy Chinese
It’s a shift from the pandemic years when Hong Kong’s strict quarantine and political upheaval led many to flock to Singapore.
Rich Chinese return to Hong Kong as Singapore steps up regulatory oversight
Hong Kong has benefited from the reopening of its borders in 2023. The city has efficient connections to Shenzhen and the surrounding Greater Bay Area via its high speed rail line. That is attractive ...
China’s central bank is stuck in a policy dilemma
HONG KONG, July 9 (Reuters Breakingviews) - At least traders now know for sure where the People's Bank of China stands. The Central bank said on Monday that it would start intervening in short-term ...
Six companies to list in Hong Kong’s busiest debut week this year
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.