View of HKEX at Exchange Square, Central in April 2020. The SFC is keen to clean up the market to attract new listings on the local exchange. Photo: Nora Tam
Hong Kong has Goldman Sachs to thank for record fines in 2020 for misconduct as regulator tightens scrutiny of market practices
- The SFC collected more than twice the amount in 2019, and 32 per cent more than the combined sum from preceding five years
- Goldman Sachs was docked HK$2.71 billion in October for lapses associated with its role in the misappropriation of funds at Malaysian sovereign fund
View of HKEX at Exchange Square, Central in April 2020. The SFC is keen to clean up the market to attract new listings on the local exchange. Photo: Nora Tam
