TOPIC

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Hang Seng Bank

Established in 1933 as a money-changing shop in Hong Kong, Hang Seng Bank is the second largest bank in Hong Kong. The bank is majority owned by the HSBC Group through The Hongkong and Shanghai Banking Corporation and is a Hang Seng Index constituent stock.

Chairman / President

Diana Ferreira CESAR

CEO / Managing Director

Diana Ferreira CESAR

CFO / Finance Director

SAW Say Pin

Industry

Finance and insurance

Website

hangseng.com

Headquarters address

83 Des Voeux Road, Central, Hong Kong

Stock Code

SEHK:0011
OTC Pink:HSNGY

Year founded

March 3, 1933

Georges Elhedery, group CEO of HSBC, speaks at the bank’s Global Investment Summit last week. Photo: Handout

Banking & finance

HSBC bets big on Hong Kong to tap Asia’s wealth-management boom: Elhedery

HSBC’s customers base increased to 6.2 million last year from 5.4 million, showing the importance of the city, Elhedery says.

31 Mar 2025 - 8:30AM

Banking & finance

Top Hong Kong women CEOs talk about the school that fuelled their success

23 Mar 2025 - 10:00AMvideocam

Hong Kong property

China Vanke’s Hong Kong unit sees strong flat sales despite mortgage concerns

15 Mar 2025 - 8:50PM

Hong Kong property

Hong Kong banks face rising risks amid prolonged property slump, Moody’s warns

Moody’s highlights the potential for higher loan-loss provisions and a tightening of credit lines, particularly for smaller developers.

20 Feb 2025 - 8:30AM

Hong Kong banks have heavy exposure to the city’s real estate sector. Photo: May Tse

Banking & finance

HSBC to deploy US$1.5 billion to Hong Kong, Asia from ‘low-return’ markets

Hong Kong’s biggest bank announced US$2 billion in a share buy-back programme and 87 US cents per share in dividend.

25 Feb 2025 - 12:36PM

Banking & finance

Dollar strength more worrying to Asian stocks than China tariffs: Hang Seng Bank

Prospects for Asian equities remain positive due to China’s stimulus measures and strong Asean trade links, Hang Seng Bank official says.

3 Feb 2025 - 7:22PM

Hong Kong

Editorial | Clients of Hong Kong banks seek value, not misconduct

Leading city bank is fined for serious misconduct in sale of financial products to clients for more than a decade.

1 Feb 2025 - 6:45AM

Hang Seng Bank has been fined by the SFC for supervisory failures and overcharging its clients. Photo: Jonathan Wong

Banking & finance

Hong Kong banks offer lai see, hampers, Asia Miles to returning workers

Companies have traditionally given staffers lai see packets on the first working day of the Lunar New Year.

30 Jan 2025 - 1:11PM

Banking & finance

Hong Kong’s regulator fines Hang Seng Bank US$8.5 million for misconduct

The SFC found that the bank had engaged in serious misconduct, including excessive fees and soliciting clients for frequent transactions.

27 Jan 2025 - 8:56PM

Hong Kong Monetary Authority (HKMA)

Hong Kong banks cut lending rates, but HKMA warns of volatility ahead

The latest rate cuts by lenders such as HSBC and Bank of China will lighten the monthly burden on mortgage borrowers by about HK$351 to HK$22,452.

19 Dec 2024 - 4:50PM

The HKMA’s interest-rate cut has given Hong Kong business owners and mortgage holders a reprieve. Photo: Shutterstock

Banking & finance

Hong Kong’s base interest rate drops to 5% in second cut

Together with the half-percentage-point cut in September, Hong Kong’s key rate has now fallen back to February 2023’s level.

8 Nov 2024 - 11:06AM

View of Hong Kong from the Hong Kong Monetary Authority (HKMA) headquarters at IFC in Central district on October 9, 2024. Photo: May Tse

Hong Kong economy

Hong Kong interest rate cut gives small businesses ‘more room for survival’

Lower rates will not only reduce financing costs but revive investor confidence and spending sentiment, experts say.

20 Sep 2024 - 7:14PM

Banking & finance

HSBC’s Elhedery gets close and personal with Hong Kong staff, customers

The global CEO visited two premier branches, where the staff walked him through the customer service and showed him the various digital solutions.

2 Sep 2024 - 7:29PM

Hong Kong economy

Hong Kong won’t revive pandemic-era guaranteed loan scheme for SMEs: commerce chief

‘As the economy gradually recovers, it’s a heavy burden on the government if we maintain a 100 per cent loan guarantee,’ Algernon Yau says.

24 Aug 2024 - 8:39PM

A quiet bar in Lan Kwai Fong, Central. The government has stopped accepting applications for the “Special 100% Loan Guarantee Scheme”. Photo: Robert Ng

Banking & finance

Hong Kong banks pledge to ease loans in HKMA’s plan to help SMEs

Hong Kong’s business owners are cash-starved, as interest rates hover at the highest level in almost two decades.

23 Aug 2024 - 6:46PM

People crossing the street in Hong Kong’s Central district on 7 October 2021. Photo: Sam Tsang.

Hong Kong economy

Opinion | A HKEX shift into data and connectivity could put Hong Kong on top again

From Nasdaq to the LSE, data is no longer a business by-product but an asset that can power the next generation of global capital markets.

13 Aug 2024 - 5:21AMvideocam

Banking & finance

Finance firms expand services for rich clients, tout city’s family office push

Sun Life has teamed up with medical services operators to capture high-net-worth customers in the Greater Bay Area, while Hang Seng Bank added new features for its Prestige customers.

3 Jul 2024 - 6:21PM

Hong Kong Monetary Authority (HKMA)

Hong Kong keeps base rate steady as Fed dials back signal

Hong Kong’s de facto central bank kept its base rate unchanged for the seventh time as traders in the financial markets shift their focus to September in expectation of the first cut in borrowing costs.

17 Jun 2024 - 12:46PM

A pedestrian walks past a billboard displaying various currency notes outside a foreign exchange shop in Sheung Wan on 21 October 2022. Photo: Yik Yeung -man.

Banking & finance

Developer Times China faces winding-up petition from Hang Seng Bank in Hong Kong

Debt-laden property developer Times China Holdings is faced with a winding-up petition as it becomes the latest property company creditors are seeking to liquidate.

16 Apr 2024 - 3:36PM

Hong Kong

Editorial | New MPF platform to offer Hong Kong investors more control over portfolios

The dozen MPF account providers are due to complete the shift to the new electronic platform, which allows for day-to-day adjustments of holdings, by the end of 2025

28 Mar 2024 - 3:11PM

Banking & finance

Exclusive | CBDC pilot boosts Hong Kong’s blockchain, international hub credentials: Yue

‘We’ve always been at the cutting edge of the whole blockchain evolution, including CBDCs,’ Yue, CEO of the Hong Kong Monetary Authority, the city’s de facto central bank, tells the Post.

8 Mar 2024 - 3:56PMvideocam

The HKMA, the BIS and most central banks see ‘tokenisation as a good part of the future financial market’, Yue says. Photo: Xiaomei Chen

Greater Bay Area

Hong Kong’s biggest banks roll out new cross-border wealth management products

HSBC, Standard Chartered and Hang Seng Bank are rolling out more products tied to the Wealth Management Connect scheme amid a drive by Beijing to boost the Greater Bay Area’s financial markets.

26 Feb 2024 - 5:32PMvideocam

Hong Kong

Editorial | HSBC commitment to Asia welcome as it profits from region

With the Fed expected to start cutting rates before the end of the year, margins for lenders will narrow, potentially exposing threats in other areas. Hong Kong’s banks have made provisions and shored up balance sheets to ward off China property risk

24 Feb 2024 - 6:15AM

Greater Bay Area

GBA at 5: HSBC, BEA among Hong Kong lenders eyeing Qianhai opportunities

Qianhai’s tax incentives are among measures that have attracted major Hong Kong banks to invest in grade-A office buildings, and to develop a wide range of banking, securities and insurance businesses in the area.

19 Feb 2024 - 9:18AM

Banking & finance

Year of the Dragon: most popular Chinese zodiac sign dominates lai see packets

Many financial firms including UBS, Julius Baer, and KGI Asia have opted to use the dragon’s image on their lai see envelopes as opposed to a generic design, illustrating the mythical creature’s popularity with the public.

11 Feb 2024 - 2:30PMvideocam

‘The Year of the Dragon holds special significance in markets like Hong Kong and Singapore,’ says Geraldine Walsh at Janus Henderson, a global fund management firm. Photo: SCMP Pictures

Banking & finance

Hong Kong banks line up fireworks dinners, lucky draws to entice new clients

Hong Kong banks have launched marketing campaigns to kick off the Year of the Dragon. The giveaways include fireworks dinners, lucky draws and air tickets to lock in new clients and entertain wealthy customers.

4 Feb 2024 - 3:59PMvideocam

Hong Kong banks are enticing customers with a range of offers to welcome the Year of the Dragon starting on February 10. Photo: Eugene Lee

Hong Kong Monetary Authority (HKMA)

Hong Kong banks hold rates steady as Fed keeps options open on cuts

The banks’ decisions followed the Hong Kong Monetary Authority (HKMA), which left the city’s base rate at 5.75 per cent hours after the Fed kept its target range unchanged in its first policy move of the year.

1 Feb 2024 - 6:02PM

Digital currencies

E-CNY: HSBC, Standard Chartered jump on China’s digital currency bandwagon

The China branches of Hang Seng Bank and Fubon Bank are also in the first batch of overseas banks to join more than 40 state-owned banks in launching their services on the e-CNY app.

1 Dec 2023 - 12:11AM

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