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

Leading city bank is fined for serious misconduct in sale of financial products to clients for more than a decade As a financial hub, it is imperative for Hong Kong to maintain a solid reputation and high standards for its banks.

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.

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,

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.

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 ...

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The Hong Kong stock market on Friday wrote a finish to the two-day slide in which it had slumped more than 400 points or 2 percent.

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.

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.

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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.