Hang Seng Bank and HSBC have frozen salaries for their top executives, according to sources. Photo: David WongHang Seng Bank and HSBC have frozen salaries for their top executives, according to sources. Photo: David Wong
Hang Seng Bank and HSBC have frozen salaries for their top executives, according to sources. Photo: David Wong

The good times are over for Hong Kong’s bankers as their bonuses are crushed by protests, trade war

  • The city’s stockbrokers are likely to get zero or a month’s salary as bonus after stock market turnover fell 20 per cent, slashing their commission income
  • HSBC, Hang Seng freeze pay of top executives, while remaining staff can expect 1 to 2 per cent pay rise, say sources contacted by the Post
Topic |   Banking & Finance
Hang Seng Bank and HSBC have frozen salaries for their top executives, according to sources. Photo: David WongHang Seng Bank and HSBC have frozen salaries for their top executives, according to sources. Photo: David Wong
Hang Seng Bank and HSBC have frozen salaries for their top executives, according to sources. Photo: David Wong
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