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HSBC fined HK$4.2 million by Hong Kong regulators over disclosure failure

HSBC fined HK$4.2 million by Hong Kong regulators over disclosure failure

By Kim Browne

Culture

Published Tue, Aug 26, 2025 · 05:56 PM

HSBC has been fined HK$4.2 million (S$692,427) by Hong Kong regulators over disclosure failures, the regulators said on Tuesday (Aug 26).

The bank failed to properly disclose investment banking relationships with Hong Kong-listed companies in more than 4,200 research reports published between 2013 and 2021, the regulators said.

The fine is a result of a self-report by HSBC followed by joint investigation by the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority, the regulators said in a statement.

These issues were caused by deficiencies in HSBC’s data recording and mapping across systems, according to the regulators.

However, there has been no evidence of client losses resulting from the disclosure issues, they said.

HSBC said in a statement to Reuters that the breach “is a historic matter” and the bank has remediated its systems and controls. REUTERS

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Originally published by businesstimes.com.sg. Syndicated material does not necessarily reflect the views of Grazia British.

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