HONG KONG (Reuters) -HSBC has been fined HK$4.2 million ($537,682.59) by Hong Kong regulators over disclosure failures, the regulators said on Tuesday.

The bank failed to properly disclose investment banking relationships with Hong Kong-listed companies in more than 4,200 research reports published between 2013 and 2021, the regulators said.

The fine is a result of a self-report by HSBC followed by joint investigation by the Securities and Futures Commission (SFC) and Hong Kong Monetary Authority, the regulators said in a statement.

These issues were caused by deficiencies in HSBC’s data recording and mapping across systems, according to the regulators.

However, there has been no evidence of client losses resulting from the disclosure issues, they said.

HSBC said in a statement to Reu

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