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HSBC fined HK$4.2 million by Hong Kong regulators for disclosure lapses

Published 26/08/2025, 11:34
HSBC fined HK$4.2 million by Hong Kong regulators for disclosure lapses
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Investing.com -- HSBC has been fined HK$4.2 million ($537,683) by Hong Kong regulators for failing to properly disclose investment banking relationships in research reports, regulators announced Tuesday.

The bank did not adequately disclose its investment banking relationships with Hong Kong-listed companies in more than 4,200 research reports published between 2013 and 2021, according to a joint statement from the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority.

The investigation began after HSBC self-reported the issue to regulators.

The disclosure failures stemmed from deficiencies in the bank’s data recording and mapping systems, the regulators said.

Regulators noted that there was no evidence that clients suffered financial losses as a result of these disclosure lapses.

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