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.

• Orgs
  • HANG SENG BANK, LIMITED
  • HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (THE)
  • HSBC HOLDINGS PLC