Hang Seng Bank

Infobox_Company
company_name = Hang Seng Bank Limited
company_
company_type = Public (sehk|0011, OTCBB|HSNGY)
parent = HSBC Group
slogan = Managing wealth for you, with you.
foundation = 1933
location = Hong Kong
key_people = Raymond Ch'ien Kuo Fung, Chairman Raymond Or Ching Fai, Vice-chairman and CEO
num_employees = 7,200
industry = Finance and Insurance
products = Financial Services
homepage = [http://www.hangseng.com/ www.hangseng.com]
revenue =

Hang Seng Bank Limited (zh-t|t=恒生銀行有限公司) (sehk|0011, OTCBB|HSNGY) is the second largest bank in Hong Kong. It is a listed company but it is majority owned (62.14% equity interest) by the HSBC Group via The Hongkong and Shanghai Banking Corporation. Hang Seng is also one of the constituent shares of the Hang Seng Index. The current vice-chairman and CEO is Raymond Or Ching-fai.Mr. Vincent Cheng has been appointed to be the Chairman (designate) of The Hongkong and Shanghai Banking Corporation. He took up the post on May 25 2005.

History

*1935 Hang Seng opens as a simple money-changing shop in Hong Kong.
*1952 Hang Seng becomes a limited company engaged in commercial banking.
*1960 Hang Seng Bank becomes a public company.
*1965 The Hongkong and Shanghai Banking Corporation (HSBC) acquires 51% of Hang Seng Bank.
*1972 Hang Seng Bank lists on the Hong Kong Stock Exchange.
*1985 Hang Seng Bank opens a representative office in Shenzhen, in the PRC.
*1995 Hang Seng Bank opens its first branch on the Mainland, in Guangzhou.
*1997 Hang Seng Bank opens a branch in Shanghai.
*2003 Hang Seng Bank opens a branch each in Nanjing and Macau.
*2004 Hang Seng Bank acquires 15.98% of Industrial Bank (China), in Fujian, and opens a branch in Fuzhou.
*2005 Hang Seng Bank upgrades its Beijing representative office to a branch.
*2007 Hang Seng Bank (China) Company Limited started operations.

ee also

* Hang Seng Index
* Hang Seng School of Commerce

External links

* [http://www.hangseng.com/ Company website]