HSBC has reportedly cancelled an education benefit for new Hong Kong employees and employees transferred to Hong Kong. This benefit reimburses 95% of the child's tuition fees. Each child can receive up to HK$220,000 per year for primary school and up to HK$300,000 for each child attending secondary school. Currently, hundreds of HSBC Hong Kong employees enjoy this benefit, costing tens of millions of dollars a year. This has become an uneasy issue for the London headquarters.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.