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 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 ...
HSBC fined $3 mln 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 ...
Mainland China and Hong Kong Stocks Slide Amid Economic Woes and Geopolitical Tensions
Mainland China and Hong Kong stocks ended lower on Monday, continuing a losing trend as investors anticipate policy stimulus in light of a weak economic recovery, rising geopolitical tensions, and ...
Chinese Stocks in Hong Kong Near Correction Ahead of Plenum
(Bloomberg) -- A gauge of Chinese stocks listed in Hong Kong approached a technical correction as investors remain cautious about the economic outlook ahead of a key meeting of the nation’s top ...
Cut from a different cloth: the future of Hong Kong’s ‘24-hour’ suit
Hong Kong inherited its tailoring tradition from Shanghai after outfitters and their clientele fled there in the wake of the Chinese Communist revolution in 1949. The city’s subsequent reputation as a ...
HSBC Reportedly Intends to Further Explore Indian Affluent Diaspora Mkt
HSBC HOLDINGS (00005.HK) is testing a series of new products and services in an attempt to seize more business from India's wealthy expatriates, Bloomberg quoted people with th... HSBC HOLDINGS (00005 ...
Finance chief urges Cathay Pacific to raise service quality to boost Hong Kong’s aviation hub status
Hong Kong’s finance chief has told local flag carrier Cathay Pacific Airways to raise its service quality to help enhance the city’s status as an international aviation hub and expand its network to ...
Hong Kong fines DBS Bank $1.3m for money-laundering breaches
HONG KONG — The Hong Kong Monetary Authority (HKMA) fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said ...