News Summary:
HSBC Malaysia, alongside Bursa Malaysia and Maybank CIMB Securities, will co-host Invest Malaysia 2024 in Iskandar Puteri, Johor Bahru, with the conference set to highlight the Johor-Singapore Special Economic Zone and attract over 500 delegates holding a combined Asset Under Management (AUM) exceeding USD13.5 trillion. Concurrently, HSBC is expanding its use of blockchain technology for real transactions, contributing to over $4 trillion in usage alongside JPMorgan, as Binance founder Changpeng Zhao questions traditional banks' caution with blockchain advancements. Earlier on September 18, HSBC, Hong Kong's largest lender, announced it would discontinue an education subsidy program for all newly hired or newly promoted senior executives, effective Friday. Current top-grade employees, including managing directors and department heads, will retain the benefit, which provides up to HK$300,000 for secondary and HK$220,000 for primary school fees annually. Also on September 18, HSBC Continental Europe, via KBC Group NV, issued a Post Stabilisation Notice confirming that no stabilization was undertaken concerning a securities offer.
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