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.
HSBC fined $3 million over incentives given to unauthorised agents for 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 ...
HSBC fined $3 million 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 ...
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 ...