Hang Seng Bank is a bank based in Hong Kong, one of the largest banks in the region in terms of market capitalization, part of HSBC Group (62.14%).
The bank has nearly 220 branches in Hong Kong, where over 9,600 employees provide retail banking, wealth management, commercial banking, treasury services, and private banking services.
In 1969 the Hang Seng Bank established the Hang Seng Index, and since then this stock market index is generally known as the primary indicator of the Hong Kong stock market.
The main region of the bank’s activity is in Hong Kong, where it employs 8215 of 10 thousand employees, it accounts for HK $ 1.385 trillion out of HK $ 1.478 trillion in assets, HK $ 47.9 billion out of HK $ 50 billion in revenues.
Hang Seng Bank divisions:
- Retail Banking and Wealth Management – retail financial services, including current and savings accounts, mortgage lending, insurance, credit card services, and asset management; turnover in 2017 amounted to HK $ 33.6 billion, assets of HK $ 445 billion.
- Commercial Banking (Commercial Banking) – financial services for companies ranging from small businesses to large corporations; turnover HK $ 10.2 billion, assets HK $ 351 billion.
- Global Banking and Markets – a limited range of services for large corporations and financial institutions, such as lending, currency exchange, placement of securities; turnover HK $ 5.7 billion, assets HK $ 612 billion.
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