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

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

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.

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

HONG KONG, Jan. 27 (Xinhua) -- Hong Kong's stock market ended higher on Monday with the benchmark Hang Seng Index up 0.66 percent to close at 20,197.77 points. The Hang Seng China Enterprises ...

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

Hong Kong's markets watchdog has fined Hang Seng Bank HK$66.4 million (US$8.5 million) for regulatory failures and overcharging clients. The Securities and Futures Commission (SFC) said on Monday ...

Jan 27 (Reuters) - Hong Kong's securities regulator said on Monday it had fined Hang Seng Bank (0011.HK), opens new tab HK$66.4 million ($8.52 million) for overcharging its clients while selling ...

HONG KONG, Jan. 24 (Xinhua) -- Hong Kong's stock market ended higher Friday with the benchmark Hang Seng Index up 1.86 percent to close at 20,066.19 points. The Hang Seng China Enterprises Index ...

Hong Kong's markets watchdog has fined Hang Seng Bank HK$66.4 million (US$8.5 million) for regulatory failures and overcharging clients. The Securities and Futures Commission (SFC) said on Monday there were serious regulatory failures on the part of the ...

Hong Kong’s securities regulator said on Monday (Jan 27) it had fined Hang Seng Bank US$8.52 million for overcharging its clients while selling investment products. The Securities and Futures Commission (SFC) said that between February 2014 and May 2023 ...