Hang Seng Bank

Hang Seng Bank Limited
Native name
恒生銀行有限公司
Company typePublic Subsidiary
IndustryFinance and insurance
Founded3 March 1933; 91 years ago (1933-03-03)
FoundersLam Bing Yim, Ho Sin Hang, Leung Chik Wai, Ho Tim, and Ho,Lian Shen
HeadquartersHang Seng Bank Headquarters Building, Central, Hong Kong
Key people
ProductsFinancial services
  • Increase HKD28.6 billion (2019)
[1]
Increase HKD24.8 billion (2019)[1]
Total assetsIncrease HKD1,677.0 billion (2019)[1]
Number of employees
over 9,680
ParentHSBC Group (63.04%)
Websitehangseng.com
Hang Seng Bank
Traditional Chinese恒生銀行
Simplified Chinese恒生银行
Literal meaningever-growing bank
Transcriptions
Standard Mandarin
Hanyu PinyinHéngshēng Yínháng
Yue: Cantonese
Yale RomanizationHàhngsāng Ngàhnhòhng
JyutpingHang4sang1 Ngan4hong4
Hang Seng Bank Limited
Traditional Chinese恒生銀行有限公司
Simplified Chinese恒生银行有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinHéngshēng Yínháng Yǒuxiàn gōngsī
Yue: Cantonese
Yale RomanizationHàhngsāng Ngàhnhòhng Yáuhhaahn Gūngsī
JyutpingHang4sang1 Ngan4hong4 Jau5haan6 Gung1si1

Hang Seng Bank Limited (Chinese: 恒生銀行有限公司) is a Hong Kong–based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group, which holds a majority equity interest in the bank.[2]

Hang Seng Bank is a commercial bank whose major business activities include retail banking, wealth management, commercial banking, treasury services, and private banking.[2] Hang Seng Bank operates a network of around 260 service outlets in Hong Kong.[2] It also has a wholly owned subsidiary in mainland China, Hang Seng Bank (China) Limited, which has a network of 46 branches and sub branches.[3]

It established the Hang Seng Index as a public service in 1969 and this stock market index is now generally known as the primary indicator of the Hong Kong stock market.[4]

  1. ^ a b c "Hang Seng Bank Annual Report 2019" (PDF).
  2. ^ a b c "Bank Profile and History". Hang Seng Bank. Hang Seng Bank Limited. Retrieved 12 February 2018.
  3. ^ "Profile and History". Hang Seng Bank. Hang Seng Bank (China) Limited. Retrieved 12 February 2018.
  4. ^ "Company Profile". Hang Seng Indexes. Hang Seng Indexes Company Limited. Archived from the original on 27 March 2013. Retrieved 2 April 2013.