The SFC found that the bank had engaged in serious misconduct, including excessive fees and soliciting clients for frequent transactions.

Hong Kong's securities regulator said on Monday it had fined Hang Seng Bank HK$66.4 million ($8.52 million) for overcharging its clients while selling investment products. The Securities and Futures Commission (SFC) said the bank earned at least HK$22.

Hong Kong regulators have imposed a HK$66.4 million fine on Hang Seng Bank for misconduct related to how it sold investment products between 2014 and 2023. The Securities and Futures Commission (SFC) on Monday “reprimanded” Hang Sang Bank for what it described as “serious regulatory failures” linked to the financial institution’s sale of

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The Hong Kong Monetary Authority left its base rate unchanged at 4.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady.

The Hong Kong stock market has moved lower in two straight sessions, shedding more than 400 points or 2 percent along the way. The

Asian stock markets are exhibiting a mixed performance on Friday, influenced by positive cues from Wall Street overnight.

Chinese risk-free rates are at 20 year lows. This coupled with new policy moves may buoy the Hong Kong and Chinese markets.

Prices of office buildings, shopping malls and other properties have fallen more than 40 per cent from their highs in 2018. Read more at straitstimes.com.

Companies have traditionally given staffers lai see packets on the first working day of the Lunar New Year As Hong Kong's workers return to their desks on Monday after a long holiday break, many large banks and financial firms are offering them millions of dollars in lai see,

ASX 200 hits a record high on rate cut speculation, while US stocks retreat after Powell dims rate cut hopes. Nikkei edges up amid AI export concerns.

It reportedly received HK$22.4m in excess benefits and fees, the HKMA and SFC said. Hang Seng Bank (HSB) is fined HK$66.4m for reportedly overcharging clients, making inadequate disclosure of monetary benefits,