It is reported that HSBC will stop a subsidy for bank employees to join Hong Kong membership clubs. This benefit, worth approximately $26,000, will be abolished from January next year. A person familiar with the matter said that HSBC's move was aimed at aligning bankers' employee benefits with its Hang Seng Bank.

It is reported that HSBC will stop a subsidy for bank employees to join Hong Kong membership clubs. This benefit, worth approximately $26,000, will be abolished from January next year. A person familiar with the matter said that HSBC's move was aimed at aligning bankers' employee benefits with its Hang Seng Bank.