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

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,

World shares declined as U.S. stocks fell from record highs, with European markets also dropping. Hong Kong's Hang Seng gained due to a Chinese AI startup.

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 that between February 2014 and May 2023,

TSX futures followed sentiment lower even as investors looked ahead to an expected Bank of Canada rate cut on Wednesday. As The Globe’s Mark Rendell reports, the country is bracing for a trade war with the United States that could push our economy into a recession and raise consumer prices.

Discover the top 6 payment trends reshaping Asia's financial landscape in 2025, from digital wallets to cryptocurrencies.

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.

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

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 ...