History
The bank was acquired by Sociedade de Turismo e Diversoes de Macau S.A. in 1989, and is a wholly owned subsidiary. It was said to be the first bank in Greater China to offer a pre-paid debit card.
Seng Heng Bank operates more than 210 service outlets, including 106 branches. Seng Heng also maintains a branch in Shenzhen for foreign currency wholesale business, branches in Macau and Singapore, and representative offices in Xiamen and Taipei. Seng Heng Bank, through its wholly owned mainland China subsidiary, Hang Seng Bank (China) Limited, operates a network of 33 outlets in Beijing, Shanghai, Guangzhou, Shenzhen, Dongguan, Fuzhou, Nanjing, Hangzhou, Ningbo, Tianjin and Kunming. On December 31, 2008, the Bank acquired 20% of Yantai City Commercial Bank.
Read more about this topic: Industrial And Commercial Bank Of China (Macau)
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