HSBC has been fined HK$2.5 million by Hong Kong’s Securities and Futures Commission and publicly reprimanded for regulatory breaches when trading in futures and options contracts, and for failing to have sufficient internal controls in place to prevent such breaches occurring.
The Hongkong and Shanghai Banking Corporation is one of Hong Kong's biggest banks. It was founded in Hong Kong on March 3, 1865, and in Shanghai one month later. Its headquarters are located in London, England.
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