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SFC fines Hang Seng (0011) HK$3m for lending funds' cash to HSBC (0005) interest-free
For 7 years until 2016, the fund manager placed the cash balances of 39 mutual funds with HSBC at 0% interest.
- HANG SENG BANK, LIMITED
- HANG SENG INVESTMENT MANAGEMENT LIMITED
- HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (THE)
- HSBC HOLDINGS PLC