Business banking




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Business bankingHang Seng Bank Limited (Traditional Chinese: ????????) SEHK: 0011 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.

* 1935 Hang Seng opens as a simple money-changing shop in Hong Kong.

* 1952 Hang Seng becomes a limited company engaged in comercial 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.

Scams Related to Hang Seng Bank LTD.

Several scam emails have been circulated in recent years claiming affiliation with the Hang Seng Bank