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Native name | 恒生銀行有限公司 |
|---|---|
| Company type | Subsidiary (formerlypublic) |
| SEHK: 11 (1972-2026) | |
| Industry | Finance and insurance |
| Founded | 3 March 1933; 92 years ago (1933-03-03) |
| Founders | Lam Bing Yim,Ho Sin Hang,Leung Chik Wai,Ho Tim, andHo, Lian Shen |
| Headquarters | Hang Seng Bank Headquarters Building, Central, Hong Kong |
Key people |
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| Products | Financial services |
 HK$36,764 million (2024)[1]: 206 | |
| HK$18,369 million (2024)[1]: 206 | |
| Total assets | HK$1,795,196 million (2024)[1]: 208 |
| Total equity | HK$169,564 million (2024)[1]: 208 |
Number of employees | 6928 (2024)[1]: 184 |
| Parent | HSBC (100%) |
| Website | hangseng |
| Hang Seng Bank | |||||||||||||
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| Traditional Chinese | 恒生銀行 | ||||||||||||
| Simplified Chinese | 恒生银行 | ||||||||||||
| Literal meaning | ever-growing bank | ||||||||||||
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| Hang Seng Bank Limited | |||||||||||||
| Traditional Chinese | 恒生銀行有限公司 | ||||||||||||
| Simplified Chinese | 恒生银行有限公司 | ||||||||||||
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Hang Seng Bank Limited (Chinese:恒生銀行有限公司) is a Hong Kong–based banking andfinancial services company with headquarters inCentral, Hong Kong. It is a wholly owned subsidiary of theHSBC Group.[2]
Hang Seng Bank is acommercial bank whose major business activities includeretail banking,wealth management,commercial banking, treasury services, andprivate banking.[2] Hang Seng Bank operates a network of around 260 service outlets in Hong Kong.[2] It also has a wholly owned subsidiary inmainland China, Hang Seng Bank (China) Limited, which has a network of 46 branches and sub branches.[3]
It established theHang 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]
In 1933, business partnersLam Bing Yim (林炳炎),Ho Sin Hang, Sheng Tsun Lin (盛春霖), and Leung Chik Wai (梁植偉) founded Hang SengNgan Ho, the predecessor of Hang Seng Bank, in Hong Kong.[5] Hang Seng means "ever-growing" inCantonese.[6] It commenced business as a simple money-changing shop at 70 Wing Lok Street,Sheung Wan, on 3 March 1933.[7] In 1952, Hang Seng Bank became a private company and embarked oncommercial banking.[8] Hang Seng Bank converted into a public company in 1960.[8] In 1965, Hang Seng Bank suffered abank run which depleted almost one-quarter of its reserves. As a result,The Hongkong and Shanghai Banking Corporation (HSBC) acquired a controlling 51% interest in Hang Seng Bank, which it later increased to 62.14%.[8]
In 1969, theHang Seng Index was introduced as a public service.[4] The index is now generally known as an indicator of the Hong Kong stock market.[4] Hang Seng Bank was listed on theStock Exchange of Hong Kong (SEHK) in 1972.[8] In 1981, Hang Seng Bank was given permission to run branches inMTR stations.[8] Hang Seng Bank began to extend its business toChina[9] in 1985,[8] with the opening of a representative office inShenzhen.[8] Ten years later, Hang Seng Bank opened its first Chinese branch inGuangzhou.[8]
In 2002, Hang Seng Bank began to launch personal e-banking in mainland China.[10] Hang Seng Bank opened its branch inMacau in 2003.[8] In 2006, Hang Seng Bank received authorisation to get ready for the formation of its mainland China subsidiary bank.[8] Within the same year, Hang Seng Bank introduced a brand revitalisation program and presented a new company slogan – Managing wealth for you, with you.[8]
TheChina Banking Regulatory Commission (CBRC) authorised the formation of Hang Seng Bank (China) Limited, the mainland China subsidiary bank of Hang Seng Bank[8] on 28 May 2007.[3] In November, Hang Seng Bank opened its new Hong Kong office atMegaBox,Kowloon Bay.[8] Hang Seng Bank became the first bank in Hong Kong to fix therenminbi (RMB) prime rate in 2010.[8]
In February 2012, Hang Seng Bank introduced the world's firstRMB goldexchange-traded fund (ETF).[8][11] The brand value of Hang Seng Bank was ranked 65th globally in the 2012 Brand Finance Banking 500, the highest ranking for Hong Kong banks.[12]
In October 2025,HSBC, the majority shareholder of Hang Seng Bank, announced that it wouldprivatise Hang Seng Bank by purchasing the 38% that it didn't already own, and take the company off the SEHK after completion.[13][14][15] On 8 January 2026, the proposal was approved by Hang Seng Bank's shareholders.[16] TheHigh Court approved HSBC's proposal on 23 January 2026,[17][16] and the company was delisted on 27 January 2026.[18]
Hang Seng Bank is acommercial bank whose major business activities include retail banking andwealth management, corporate andcommercial banking, treasury services, andprivate banking.[2] Hang Seng Bank operates a network of around 260 service outlets in Hong Kong.[2] Hang Seng Bank is the only local bank to offer extensive branch services alongMass Transit Railway (MTR) stations to better serve its customers.[7]
Hang Seng Bank established its wholly owned subsidiary, Hang Seng Bank (China) Limited, in 2007.[3] The subsidiary runs amainland China network of 46 outlets in Beijing, Shanghai,Guangzhou,Shenzhen,Dongguan,Fuzhou,Nanjing,Hangzhou,Ningbo, Tianjin,Kunming,Foshan,Zhongshan,Huizhou,Xiamen,Zhuhai andJiangmen with 12 branches and 34 sub-branches.[3] For foreign currency wholesale business, Hang Seng Bank maintains branches inShenzhen, Macau and Singapore, as well as a representative office inTaipei.[2]
The current chairperson is Mr. Edward Cheng.[19] The currentVice-Chairman and chief executive officer (CEO) is Ms. Luanne Lim.[19]
Role of chairman began in 1952, after incorporation as a bank
Role of CEO / general manager began in 1952, after incorporation as a bank
Media related toHang Seng Bank at Wikimedia Commons
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