HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (THE)

Businesswoman absconded for 7 years gets 11 months' jail for offering bribe to a vice president of HSBC
ICAC, 13-Nov-2023
One country, two systems. Her co-accused, Pan Shancheng, is presumably still a fugitive.
Ex-property agent jailed for 16 months and HK$1m ordered confiscated for HK$4.9m mortgage loan fraud
ICAC, 16-May-2023
In a sort of "time plus cash" deal, Mr Chiu Ka Wai can either pay HK$1.07m of "illicit gains" (presumably, rental income) or do an extra 25 months in jail. So the price of freedom is about HK$42.8k/month, minus costs of housing and food. His "serious" crime was to rent out a property bought with mortgage insurance on condition of self-occupancy. The insurer, HKMC, is ultimately owned by the Government. There is no allegation that the lender, HSBC and the insurer were not paid, presumably assisted by the rental income. Meanwhile, of course, Mr Chiu had to live somewhere else.
Ex-company director jailed for offering bribe to HSBC manager for account opening
ICAC, 14-Apr-2023
One Country, Two Systems.
Ex-property agent admits HK$4.9m mortgage loan fraud
ICAC, 30-Jan-2023
Mr Chiu Ka Wai, 38, has been remanded in custody pending sentence. His offence was to rent out a residential property bought with mortgage insurance on condition of self-occupancy, raising the loan-to-value ratio to 80%. There is no allegation that he didn't service the loan on time. The HK Mortgage Corporation is ultimately owned by the HKSAR Government.
SEHK fines HSBC Securities Brokers (Asia) Ltd HK$1m for BCAN breachesStatement of Disciplinary Action
SEHK, 3-Mar-2022
SFC fines HSBC Securities Brokers (Asia) Ltd HK$6.3m for regulatory breachesStatement of Disciplinary Action
SFC, 3-Mar-2022
SFC bans Leung Siu Lun, ex-HSBC VP, for life
SFC, 1-Mar-2022
Ex-HSBC employee charged with conspiracy to accept bribes
ICAC, 8-Sep-2021
Allegedly, a friend controlled two borrowing companies that were held by nominees. Waty International Co Ltd was incorporated on 23-Jul-2005 and Mondex International Industries Ltd was incorporated on 22-Nov-2006. The loans were granted in 2012.
Chan Yuk Cheung, ex-manager of China Taiping Life, charged with offering bribes to HSBC staff for opening account for clients
ICAC, 12-May-2020
SFC fines HSBC HK$3.5m for breaches over interest payments to managed funds
SFC, 7-Apr-2020
For 6 years from 2010-2016, in 53 funds, it did not pay a fair rate of interest on the cash deposited by the funds with the bank.
Censure of Anthony Yeung Chun Wai and Great Wall B&R (0524), criticism of other former directorsCircular
SEHK, 13-Mar-2020
We note from a 2017 circular that Mr Yeung traded numerous other shareholdings with GWBR in breach of Listing Rules, selling it shares in Kingston Financial (1031), Sincere Watch (0444) and Tech Pro Technology (3823) in 2015 and SingAsia (8293) in 2017, and buying shares in Beijing Enterprises Clean Energy (1250) in 2016 and Beijing Gas Blue Sky (6828) in 2017. He crossed the trades in the market using Kingston Securities for GWBR and on his side Enlighten Securities, Union Bancaire Privee and HSBC.
Woman admits offering watch to HSBC staff for opening account
ICAC, 2-Dec-2019
One Country, Two Systems.
SFC bans Song Baojun for 1 year
SFC, 6-Nov-2019
He effected 4 unit trust trades in 2013 without a client's specific authorisation using incomplete pre-signed forms. We note that in 2014 he went on from HSBC to Dah Sing Bank for 9 months, and was later registered to Hang Seng Bank (an HSBC subsidiary) for just 10 days starting on Christmas Day 2015.
SFC fines HSBC HK$2.1m for breaching phone-recording requirements
SFC, 10-Sep-2019
Gurdas S Choithramani v HSBC
HK Court of Appeal, 19-Aug-2019
Almost 23 months after written submissions, leave to appeal to the Court of Final Appeal is refused.
Mainlander charged with offering bribe to HSBC staff to open account
ICAC, 15-Apr-2019
One Country, Two Systems.
Trio sentenced for bribery and disclosing identity of person under ICAC probe
ICAC, 5-Oct-2018
SFC bans Ngo Wing Chun, ex-HSBC, for a year
SFC, 20-Sep-2018
For taking client data with him by sending himself an e-mail when he quit.
Trio guilty of bribery and disclosing identity of person under ICAC probe
ICAC, 14-Sep-2018
Leung Siu Lun, an ex-Vice President of HSBC's Mong Kok business centre, accepted bribes from Mickey Chu Kong, including hotel nights in Macau and free use of cars, one of which was parked in a Wilson car park supervised by his mother. When the ICAC came looking for parking records, she tipped off Leung.
SFC fines Hang Seng (0011) HK$3m for lending funds' cash to HSBC (0005) interest-free
SFC, 31-May-2018
For 7 years until 2016, the fund manager placed the cash balances of 39 mutual funds with HSBC at 0% interest.
Gurdas S Choithramani v HSBC
HK Court of Appeal, 14-Feb-2018
GR Properties (0108) controller moves 28.9% from HSBC to CCBI
The shares are ultimately owned by Chairman We Chunxian. (19-Dec-2017)
Manager jailed for offering illegal commission of EUR50k to HSBC staff
ICAC, 22-Nov-2017
Manager admits offering illegal commission of EUR50k to HSBC staff
ICAC, 21-Nov-2017
Manager charged with offering EUR50k bribe to HSBC staffer
ICAC, 24-Oct-2017
Gurdas S Choithramani v HSBC
HK Court of Appeal, 21-Jul-2017
Company director Zhao Genglian gets 4 months for offering bribe to HSBC staff
ICAC, 14-Jul-2017
SFC bans Li Bo, ex-HSBC, for 8 months
SFC, 13-Jun-2017
Company director Zhao Genglian charged with offering bribe to HSBC staff
ICAC, 7-Jun-2017
He allegedly offered 9,999 RMB and a mobile phone to get a bank account opened. One Country, Two Systems.
Company director Ru Kaishun gets 10 weeks for offering bribe to HSBC staff
ICAC, 16-May-2017
One country, two systems.
Trio in court for bribery and disclosing identity of persons under ICAC probe
ICAC, 12-May-2017
Leung Siu Lun, a former vice president of HSBC at its Mong Kok business centre, is accused of taking bribes for credit facilities, including 3 nights in Macau, 1 in Guangzhou, a TV games console, a cash gift and a coffee machine together worth HK$15k.
SFC bans Philip Leung Ming Yin, ex-HSBC, for 6 months
SFC, 20-Mar-2017
SFC bans Li Lee, ex-HSBC, for life
SFC, 13-Feb-2017
Company director charged with offering HK$1k bribe to HSBC staff
ICAC, 10-Jan-2017
One country, two systems.
8.5 months longer in jail for ex-HSBC manager
ICAC, 14-Dec-2016
SFC bans Chen Chia Hui, ex-HSBC, forever
SFC, 5-Oct-2016
This is a follow-on from an ICAC case.
6 months' jail for offering perfume to HSBC staff
ICAC, 27-Sep-2016
It's getting so hard to open a bank account these days that it's come to this!
Company director Chen Zhengxi charged with bribing HSBC staff with perfume
ICAC, 23-Sep-2016
One Country, Two Systems. The staffer immediately smelled a rat.
SFC fines HSBC HK$2.5m for position limit breaches
SFC, 14-Sep-2016
SFC bans Chau Hang Yu and Steve Chow Chun Yin for life
SFC, 7-Sep-2016
Ex-HSBC manager jailed for bribery and fraud
ICAC, 13-Jul-2016
Ex-HSBC managers charged with bribery and fraud
ICAC, 18-May-2016
In February this year, both men pleaded guilty and were jailed for similar offences committed between April and October 2012. This appears to be another batch of allegations covering the period September to November 2012.
Duo jailed for accepting HK$500k bribe and fraud over insurance policyReasons for sentence (Chinese)
ICAC, 6-May-2016
SFC bans Yeung Chun Him, ex-HSBC, for a year
SFC, 6-May-2016
On his last day at HSBC, a Friday, he e-mailed client information to his personal e-mail account, which HSBC's email surveillance system detected. Dumb. The next Monday, he started at CCB Asia, and forwarded the e-mails to his account there. CCB Asia deleted the files on HSBC's request, and fired him on the Wednesday.
Duo guilty of bribery and fraud over AXA insurance policyReasons for verdict (Chinese)
ICAC, 29-Apr-2016
An earlier announcement disclosed that the insurance policy was US$2m (HK$15.6m). It earned an up-front commission of HK$1.2m for the agency, CTHK Asset Management Ltd. $0.5m of this made its way to the HSBC staffer, who was only supposed to flog HSBC's prodcuts. The almost 8% front-end fee is a useful reminder of just how inefficient these policies are as a method of savings.
SFC bans Andrew Chow Ho Cheung, ex-HSBC, for life
SFC, 21-Apr-2016
GR Properties (0108) controller moves 62.24% from Bank of Singapore to HSBC
The shares are ultimately owned by Chairman We Chunxian. (12-Apr-2016)
Blooming Faith director charged with bribery over certificate of deposit
ICAC, 30-Mar-2016
Blooming marvellous!
Ex-HSBC managers jailed for bribery and fraud
ICAC, 23-Feb-2016
Company directors in court for bribery over standby L/C
ICAC, 27-Nov-2015
Hilda Li Chung Yan & Kevin Patrick Mann v HSBC
HK Court of Appeal, 12-Nov-2015
HSBC wins HK$92,770 as the costs of its application for security for costs.
Hilda Li Chung Yan & Kevin Patrick Mann v HSBC
HK Court of Appeal, 16-Oct-2015
The two are appealing against bankruptcy orders and must post HK$80,000 of security for costs each.
Businessman Teo Eng Bock gets 5 months for offering bribe to HSBC staffer
ICAC, 10-Jul-2015
Businessman guilty of bribery over bank remittance
ICAC, 26-Jun-2015
Ex-HSBC relationship manager and AXA broker charged with HK$500k bribery and fraud
ICAC, 10-Jun-2015
One simple point comes out of this: the brokerage fee AXA pays on a US$2m (HK$15.6m) savings plan is HK$1.24m, or about 8%. We wonder why anyone would buy such inefficient savings vehicles.
Businessman in court for alleged bribery over bank remittance
ICAC, 8-May-2015
Bankruptcy of Kevin Patrick Mann & Hilda Li Chung Yan
HK Court of First Instance, 24-Mar-2015
This is about the former Dymocks book shop in Prince's Building, operated by Manhattan (Asia) Ltd and funded by an HSBC bank loan guaranteed by the Government, so taxpayers will likely end up with the bill. Capitalism with HK characteristics.
Gurdas S Choithramani declared bankrupt
HK Court of First Instance, 9-Mar-2015
Ex-HSBC managers charged with bribery and fraud
ICAC, 17-Feb-2015
Company director gets 30 months for bribery over US$4m bank loan
ICAC, 2-Dec-2014
There once was a man named Zhong, He definitely did something wrong. He offered a bribe to a banker, And now he's in jail, So let's thank her.
Gurdas S Choithramani v HSBC
HK Court of Appeal, 20-Nov-2014
Gurdas S Choithramani v HSBC
HK Court of First Instance, 18-Sep-2014
Gurdas S Choithramani v HSBC: costs
HK Court of First Instance, 29-Apr-2014
Gurdas S Choithramani v HSBC
HK Court of First Instance, 28-Apr-2014
SFC bans Jonathan Yan Cheuk Fung forever
SFC, 24-Feb-2014
Company director in court for alleged bribe for US$4m loan
ICAC, 17-Jan-2014
Perhaps he thought HK banks work like mainland ones. Fast work by the ICAC - Wednesday he's at the bank, Friday he's in court.
12 months' jail for deceiving HSBC in issuing insurance policies
ICAC, 18-Jan-2013
HSBC's legal case against "Occupy Central" for trespassing
Company submission, 22-Jun-2012
The exhibits include the original leases from 1857 and 1938 on the two plots of land, and the deed of dedication in 1983 followed by the deed of variation in 2006 when they shrunk the public passage area. Webb-site is putting this online in the public interest. (16MB file size).
Ex-HSBC senior executive jailed for accepting US$60k bribe
ICAC, 23-Dec-2009
Winding up of Hang Fung Jewellery Co Ltd
HK Court of First Instance, 7-Sep-2009
Akai Holdings Ltd & Kong Wah Holdings Ltd v HSBC
HK Court of First Instance, 13-Sep-2007
Esquire (Electronics) Ltd v HSBC
HK Court of Final Appeal, 1-Jun-2007
Esquire (Electronics) Ltd v HSBC
HK Court of Final Appeal, 1-Jun-2007
Leave to appeal is refused.
Esquire (Electronics) Ltd v HSBC
HK Court of Appeal, 9-Mar-2007
Esquire (Electronics) Ltd v HSBC
HK Court of Appeal, 12-Oct-2006
HSBC wins on appeal.
Esquire (Electronics) Ltd v HSBC
HK Court of Appeal, 12-Oct-2006
HSBC's appeal is allowed, The trial judge, William Waung Sik Ying, is criticised for the delay in his judgment: "Unfortunately in this case there are factors which indicate that the judge must have forgotten important events and aspects of the trial."
Magic Score Ltd v HSBC
HK Court of First Instance, 23-Jun-2006
Moulin Global Eyecare Holdings Ltd - winding up proceedings
HK Court of First Instance, 5-Jun-2006
Magic Score Ltd v HSBC
HK Court of First Instance, 24-Feb-2006
Esquire (Electronics) Ltd v HSBC
HK Court of First Instance, 14-Dec-2005
Justice Waung awards costs to the plaintiffs on an indemnity (full) basis.
Esquire (Electronics) Ltd v HSBC
HK Court of First Instance, 14-Dec-2005
Judge William Waung recuses himself from the remedy trial on the basis of apparent (but not actual) bias.
Esquire (Electronics) Ltd v HSBC
HK Court of First Instance, 12-Sep-2005
Judge lashes HSBC for 'the devil's work'
South China Morning Post, 20-Jul-2005
Esquire (Electronics) Ltd v HSBC
HK Court of First Instance, 19-Jul-2005
Esquire (Electronics) Ltd v HSBC
HK Court of First Instance, 19-Jul-2005
Judgment is delivered for the plaintiff, 16 months after the trial.
Ex-CCB chief's son disappears in HK
South China Morning Post, 24-Mar-2005
Esquire (Electronics) Ltd v HSBC
HK Court of First Instance, 15-Jan-2004
Esquire (Electronics) Ltd v HSBC
HK Court of First Instance, 30-Oct-2003
Esquire (Electronics) Ltd v HSBC
HK Court of First Instance, 6-May-2002

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