Hang Seng Bank
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.
Native name | 恒生銀行有限公司 |
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| Company type | Public Subsidiary |
Traded as |
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| Industry | Finance and insurance |
| Founded | 3 March 1933 |
| Founders | Lam Bing Yim, Ho Sin Hang, Ho Tim, and Lee Quo-wei |
| Headquarters | Hang Seng Bank Headquarters Building, Central, Hong Kong |
Key people |
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| Products | Financial services |
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Net income | HKD24.8 billion (2019) |
| Total assets | HKD1,677.0 billion (2019) |
Number of employees | over 9,680 |
| Parent | HSBC Group (62.14%) |
| 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 is a commercial bank whose major business activities include retail banking, wealth management, commercial banking, treasury services, and private banking. Hang Seng Bank operates a network of around 260 service outlets in Hong Kong. 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.
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.