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.
Read more about this topic: Hang Seng Bank
Famous quotes containing the word history:
“Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.”
—John Dos Passos (1896–1970)
“the future is simply nothing at all. Nothing has happened to the present by becoming past except that fresh slices of existence have been added to the total history of the world. The past is thus as real as the present.”
—Charlie Dunbar Broad (1887–1971)
“There is no history of how bad became better.”
—Henry David Thoreau (1817–1862)