HSBC Boosts Parental Leave for Employees in Hong Kong

HSBC Holdings Plc increased the amount of parental leave it offers to its 20,000 employees in Hong Kong.

The maternity leave being offered to full-time employees will increase to 20 weeks from 16 weeks, while leave for new fathers, or for the secondary caregiver, was raised to 40 days from 10 days, according to a statement on Thursday. The changes take effect Jan. 1.

“We are increasingly hearing from colleagues that they want to flex their hours to take on a greater responsibility in caring for their families,” said Luanne Lim, chief executive for Hong Kong at HSBC.

About 52% ...