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HSBC, the London-based bank, has successfully secured approval from the shareholders of its subsidiary, Hang Seng, to privatize it. This move signifies HSBC’s intention to acquire the Hong Kong lender, a deal estimated to be worth $14 billion. On January 8,…
Vivien Chiu, the Chief Operating Officer of Hang Seng Bank, has recently acquired a deluxe apartment in Hong Kong for HK$40 million, equivalent to around US$5.14 million. The cost per square foot of the 1,651 square-foot property amounted to HK$24,228, or…
In a challenging first half of 2025, Hang Seng Bank reported a significant profit drop, with net earnings attributable to shareholders plummeting by 30% to $876.45 million (HK$6.88 billion). The bank’s operating profit also took a hit, declining 25% to $1.09…
Hang Seng, a Hong Kong-based lender backed by HSBC, is preparing to make adjustments to its workforce as part of a wider restructuring plan and a move to incorporate more technology into its operations. Workforce Reduction The company has announced that it…
The former chief executive of Hang Seng reportedly passed away last week at the age of 57. Louisa Cheang Wai-man passed away last week, according to a statement from Hang Seng. The bank first disclosed that Cheang was undergoing treatment for a medical…
Major local lender Hang Seng Bank has named a new chief executive to replace Louisa Cheang, who will extend her leave of absence over medical reasons. Diana Cesar has been appointed chief executive at Hang Seng, according to a statement, effective September…
The Hang Seng Index topped 30,000 for the first time in a decade on Nov. 22 amid a market sea change that is bringing mainland Chinese companies to the fore and leaving many big local names behind. The Hong Kong benchmark ended the day at 30,003.49, up 0.62%.…
Companies of China are increasingly focused on international expansion, at the exhortation of Beijing. Its desire to expand has helped support the international ambitions of local insurers such as Anbang and Fosun International, or securities firms such as…
