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Native name | 恒生銀行有限公司 |
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| Company type | Public (subsidiary) |
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| 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 |
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 HKD 24.8 billion (2019)[1] | |
| Total assets | HKD 1,677.0 billion (2019)[1] |
Number of employees | over 9,680 |
| Parent | HSBC Group (63.04%) |
| 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 one of Hong Kong's leading public companies in terms ofmarket capitalisation and is part of theHSBC Group, which holds a majority equity interest in the bank.[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]
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.[16] The currentVice-Chairman and chief executive officer (CEO) is Ms. Luanne Lim.[16]
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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