HSBC HOLDINGS PLC
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.
ICAC, 13-Nov-2023
One country, two systems. Her co-accused, Pan Shancheng, is presumably still a fugitive.
SEHK fines HSBC Securities Brokers (Asia) Ltd HK$1m for BCAN breaches
| Statement of Disciplinary Action
SEHK, 3-Mar-2022
SEHK, 3-Mar-2022
SFC fines HSBC Securities Brokers (Asia) Ltd HK$6.3m for regulatory breaches
| Statement of Disciplinary Action
SFC, 3-Mar-2022
SFC, 3-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.
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.
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.
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.
HSBC cancels "Informal Meeting of HK shareholders" webcast due to COVID
Company announcement, 25-Mar-2020
Apparently this hi-tech bank doesn't know how to do a multi-way video webcast that would bring the Chairman and senior management together in a virtual room. Have they not heard of Zoom or Google Hangouts, amongst others?
Company announcement, 25-Mar-2020
Apparently this hi-tech bank doesn't know how to do a multi-way video webcast that would bring the Chairman and senior management together in a virtual room. Have they not heard of Zoom or Google Hangouts, amongst others?
Woman admits offering watch to HSBC staff for opening account
ICAC, 2-Dec-2019
One Country, Two Systems.
ICAC, 2-Dec-2019
One Country, Two Systems.
Mainlander charged with offering bribe to HSBC staff to open account
ICAC, 15-Apr-2019
One Country, Two Systems.
ICAC, 15-Apr-2019
One Country, Two Systems.
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.
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.
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.
HSBC Private Bank (Suisse) SA fined HK$400m for systemic failures in selling Lehman crap
SFC, 21-Nov-2017
SFC, 21-Nov-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.
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.
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.
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.
Company director charged with offering HK$1k bribe to HSBC staff
ICAC, 10-Jan-2017
One country, two systems.
ICAC, 10-Jan-2017
One country, two systems.
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!
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.
ICAC, 23-Sep-2016
One Country, Two Systems. The staffer immediately smelled a rat.
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.
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 policy
| Reasons for sentence (Chinese)
ICAC, 6-May-2016
ICAC, 6-May-2016
Duo guilty of bribery and fraud over AXA insurance policy
| Reasons 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.
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.
Home Shan't Be China
HSBC's decision to stay put is unsurprising, not just because of the reduced UK bank levy, but because of the risks of moving to what is increasingly seen as one country rather than two systems. (15-Feb-2016)
HSBC's decision to stay put is unsurprising, not just because of the reduced UK bank levy, but because of the risks of moving to what is increasingly seen as one country rather than two systems. (15-Feb-2016)
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.
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.
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.
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.
HK's outspoken media chiefs are facing growing intimidation
Sydney Morning Herald, 31-May-2014
In this article, Next Media spokesman Mark Simon alleges that HSBC and Standard Chartered have ended their advertising on request from Beijing.
Sydney Morning Herald, 31-May-2014
In this article, Next Media spokesman Mark Simon alleges that HSBC and Standard Chartered have ended their advertising on request from Beijing.
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.
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.
Why did the SFC kill HSBC's Stockmax?
Two years after the SFC shut retail investors out HSBC's automated trading system, an SFC announcement gives some indication of what happened, but still leaves retail investors wondering why a pioneering service which offered potential price improvement and competition for HKEx's monopoly stock market was not allowed. (20-Dec-2013)
Two years after the SFC shut retail investors out HSBC's automated trading system, an SFC announcement gives some indication of what happened, but still leaves retail investors wondering why a pioneering service which offered potential price improvement and competition for HKEx's monopoly stock market was not allowed. (20-Dec-2013)
SFC fines HSBC Securities Brokers (Asia) Ltd HK$5m for inaccurate information in licence application
SFC, 19-Dec-2013
SFC, 19-Dec-2013
US OCC assesses $500m penalty against HSBC
US Office of the Comptroller of the Currency, 11-Dec-2012
US Office of the Comptroller of the Currency, 11-Dec-2012
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).
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).
Selina Kwok Mok Wai-hing v HSBC Private Bank (Suisse) SA
HK Court of First Instance, 21-Jun-2012
The daughter of the founder of a brokerage unsuccessfully sues HSBC, which estimates that she lost a net US$5.3m on accumulator contracts. The judgment provides an interesting behind-the-scenes narrative of how a bank's salesperson (or "relationship manager") discusses clients.
HK Court of First Instance, 21-Jun-2012
The daughter of the founder of a brokerage unsuccessfully sues HSBC, which estimates that she lost a net US$5.3m on accumulator contracts. The judgment provides an interesting behind-the-scenes narrative of how a bank's salesperson (or "relationship manager") discusses clients.
FSA fines HSBC GBP10.5m for mis-selling products to elderly customers
UK Financial Services Authority, 5-Dec-2011
UK Financial Services Authority, 5-Dec-2011
TAL Apparel Ltd buys 8.07% of Tradelink (0536) from HSBC at $1.264/share
| Sale filing
Disclosure of interest, 5-Sep-2011
Disclosure of interest, 5-Sep-2011
HSBC's StockMax becomes StockMin
It was a false dawn for retail investors - the SFC has caved in to pressure and amended the license conditions of HSBC's Stockmax Crossing platform to restrict it to "professional investors" only. History will prove them wrong. (14-Aug-2011)
It was a false dawn for retail investors - the SFC has caved in to pressure and amended the license conditions of HSBC's Stockmax Crossing platform to restrict it to "professional investors" only. History will prove them wrong. (14-Aug-2011)
StockMax and competition for HKEx
We look at the implications of HSBC's proposed StockMax dark pool with retail investor participation. It's a wake-up call to the Government, SFC and HKEx that we need to move forward with allowing competition to innovate services both inside and outside HKEx. We propose measures to achieve this while preserving fair and orderly markets. (7-Aug-2011)
We look at the implications of HSBC's proposed StockMax dark pool with retail investor participation. It's a wake-up call to the Government, SFC and HKEx that we need to move forward with allowing competition to innovate services both inside and outside HKEx. We propose measures to achieve this while preserving fair and orderly markets. (7-Aug-2011)
SFC fines HSBC Trinkaus Investment Management Ltd HK$3m
SFC, 4-May-2011
...and bans it for 2 years from dealing or advising on OTC structured notes (but presumably this ban does not apply to other subsidiaries of HSBC to which clients could be referred).
SFC, 4-May-2011
...and bans it for 2 years from dealing or advising on OTC structured notes (but presumably this ban does not apply to other subsidiaries of HSBC to which clients could be referred).
US OCC issues cease and desist order against HSBC
US Office of the Comptroller of the Currency, 7-Oct-2010
US Office of the Comptroller of the Currency, 7-Oct-2010
HKEx rights issue & open offer proposals
We need your help! HKEx proposes changes to rules on open offers and rights issues. Some of the changes are against investor interests. HKEx also fails to propose a limit on open offer discounts or to bring the treatment of unsubscribed entitlements up to international standards. Give us your opinions! (7-Sep-2009)
We need your help! HKEx proposes changes to rules on open offers and rights issues. Some of the changes are against investor interests. HKEx also fails to propose a limit on open offer discounts or to bring the treatment of unsubscribed entitlements up to international standards. Give us your opinions! (7-Sep-2009)
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.
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, 14-Dec-2005
Justice Waung awards costs to the plaintiffs on an indemnity (full) basis.
HK Court of First Instance, 14-Dec-2005
Justice Waung awards costs to the plaintiffs on an indemnity (full) basis.
HSBC voting advice
The 23rd AGM in Project Poll is in London. We urge shareholders to vote against the re-election of Mr William Aldinger and adoption of the remuneration report, as a protest at the obscene compensation arrangements and the $41.3m pay-off involved in Mr Aldinger's non-termination as CEO of Household when HSBC acquired it. (20-May-2003)
The 23rd AGM in Project Poll is in London. We urge shareholders to vote against the re-election of Mr William Aldinger and adoption of the remuneration report, as a protest at the obscene compensation arrangements and the $41.3m pay-off involved in Mr Aldinger's non-termination as CEO of Household when HSBC acquired it. (20-May-2003)
HSBC Compounds the Errors
We show you how HSBC has been compounding the errors in its recent promotional literature for long term savings. (21-Mar-2003)
We show you how HSBC has been compounding the errors in its recent promotional literature for long term savings. (21-Mar-2003)
SFC reprimands Cheung Yuk Sheung & Kwan Wing On for breaching the Code of Conduct and the internal rules of employers
SFC, 17-Sep-2002
SFC, 17-Sep-2002
SFC reprimands HSBC Securities Brokers (Asia) Limited
SFC, 21-Jul-2000
For settlement issues after the HK Government's stock market buying blitz on 28-Aug-1998.
SFC, 21-Jul-2000
For settlement issues after the HK Government's stock market buying blitz on 28-Aug-1998.
SFC publishes report of Inquiry into dealings in HSBC Holdings plc shares on 29-30-Oct-97
SFC, 29-Oct-1998
SFC, 29-Oct-1998
Insider Dealing Tribunal Report regarding trading prior to announcement of HSBC's sale of 22% of HWL to CKH
IDT, 1-Mar-1982
IDT, 1-Mar-1982
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