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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.
Organisations
- HANG SENG BANK, LIMITED 恒生銀行有限公司
- HANG SENG INVESTMENT MANAGEMENT LIMITED 恒生投資管理有限公司
- HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED (THE)
- HSBC HOLDINGS PLC
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