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 ...
HSBC Buys back 3.35M Shrs for HKD231M in Total Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 3.35 million shares of the company on the UK and Hong Kong markets yesterday (4th), involving a total of HKD231 mi... HSBC HOLDINGS ...
Hong Kong fines DBS Bank HK$10m for money-laundering breaches
The Hong Kong Monetary Authority has fined the local arm of Singapore's DBS Bank for breaches of its anti-money laundering law.
Hong Kong bridge half-marathon returns, bosses say food, water, delay issues resolved
When the inaugural 8,000-runner race on the bridge took place last November, participants were left frustrated by a lack of food during and after the event, a shortage of toilets and water and absence ...
HKMA fines DBS Hong Kong US$1.28 million after money-laundering investigation
The bank failed to conduct enhanced due diligence in high-risk situations in periods between April 2012 and April 2019, the HKMA says.
Hong Kong fines DBS Bank $1.3 mn for money-laundering breaches
The Monetary Authority 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 on Friday.
Hong Kong bridge half marathon to feature food, more water, less waiting in 2025
Second edition to be held in January, and race chief says improvements have been made to address issues at the first race.
HSBC fined record US$3 million for use of ‘unauthorised’ agents in MPF recruitment scheme
HSBC, Hong Kong’s biggest lender, has been hit with a record fine of HK$24 million (US$3 million) by the pensions regulator for offering incentives to “unauthorised intermediaries” to get corporate ...
Hong Kong fines DBS for breaching anti-money laundering rules
The scrutiny by Hong Kong resembles that of rival wealth center Singapore, which a year ago fined four financial institutions over AML breaches, including DBS. The bank failed to continuously monitor ...
{Block Trade}HSBC HOLDINGS: 460k shares, or HK$31.31m
The deal amounted to HK$31.31m, or at HK$68.075 per share, 1.1% lower than previous close. HSBC HOLDINGS is now trading down 1.23% to HK$68, with 12.71 million shares of ...
BNP Paribas, UBS Show Interest in Buying HSBC’s Wealth Mgmt Unit in Germany – Report
Bloomberg, citing people familiar with the matter, reported that HSBC HOLDINGS (00005.HK) is considering to sell a number of businesses in Germany. BNP Paribas and UBS have expressed initial interest ...
Hong Kong Retailers Bank on Duty-Free Quota Hike to Boost Sales
HONG KONG (Reuters) - An increase in the duty-free quota for Chinese tourists to Hong Kong may go some way to support the city's retailers, but visitors from the mainland say prices are still ...
Tech knowledge important but Hong Kong’s advantage is in soft skills
Scramble to keep up with emerging tech must not be at the price of the soft skills vital to the city’s connector role.