Hang Seng Bank - History

History

  • 1933 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 Hang Seng Bank suffered a bank run that depleted approximately one-fourth of its deposits. The Hongkong and Shanghai Banking Corporation (HSBC) acquires 51% of Hang Seng Bank at HKD 51 million.
  • 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.

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