Hang Seng Bank Hong Kong

Hang Seng Bank Hong Kong is one of the most established financial institutions in the entire world. It is also one among the largest companies in terms of the market capitalization. In accordance with the name of the Hang Seng Bank Hong Kong, which means 'ever growing' in Chinese, the Bank is always growing along with its customers. One of the chief objectives of the Hang Seng Bank, Hong Kong is to strengthen its position as one of the leading financial institutions in the region of Greater China. The Hang Seng Bank Hong Kong specially focuses on the regions of Yangtze River Delta, Pearl River Delta and Bohai Economic Rim.

There is a wide range of services that are offered at the Hang Seng Bank Hong Kong, in the section of personal banking. These facilities are listed below:

Banking Services
Loans
Mortgages
Cards
Forms
Insurance
Financial Services in Mainland China
Calculators

The Hang Seng Bank Hong Kong, which is a strongly capitalized and commercialized bank, was founded in the year as 1933. One of the major aims of the Bank is to provide excellent services to the customers with the help of the vast networking. There are more than 150 branches of the Hang Seng Bank in Hong Kong and across the world. The first and the foremost priority of the Hang Seng Bank Hong Kong is to provide optimum services to its customers.

Some of the services related to business banking, provided by the Hang Seng Bank Hong Kong, include the following:

Personal wealth management
Private banking services
Corporate banking
Commercial banking
Treasury

The fully owned subsidiary of the Hang Seng Bank Hong Kong, named, Hang Seng Bank (China) Limited was set up in the year 2007, on the 28th of May. The Hang Seng Bank (China) Limited has a total of 18 outlets, which are all placed at Shanghai, Beijing, Dongguan, Guangzhou, Fuzhou, Nanjing and Shenzhen. There is also a branch of the Hang Seng Bank Hong Kong at Shenzhen to promote the wholesale business and another branch is situated at Macau. The representative offices of the Hang Seng Bank Hong Kong are situated at Taipai and Xiamen. The investment policies offered by the Hang Seng Bank in Hong Kong consist of the following facilities:

Securities Services

Structured Products
Forex & Gold Margin Services
Investment Fund Services
Certificates of Deposit Services
MaxiInterest Investment Deposit
Bond Investment Services
Treasury Services
Forward Contract Services

The total staff strength of the Hang Seng Bank Hong Kong is equal to 8,400 who work day-in and day-out in order to provide the optimum amount of services to the customers. The Hang Seng Bank Hong Kong is one of the prime members of the HSBC Group, with the latter being one of the organizations in the world with the largest numbers of financial services. The HSBC Group presently holds 62.14% of equity interest in the Hang Seng Bank Hong Kong and in turn the Bank has been quoted on the SEAQ International in the United Kingdom. The Hang Seng Bank Hong Kong provides Sponsored Level-I American Depositary Receipts Programme to the investors of the United States.

The services that are offered by the Hang Seng Bank Hong Kong comprise of service charges. These include the following:

Bank Accounts
Loans
Investment
Cash Management
Insurance & MPF
Cards
Mainland China & Macau Business
Trade
Forms
Service Channels

There are 16 Board of Directors in the Hang Seng Bank Hong Kong, among which 9 are independent non-executive members while 4 are non-executive Directors. Mr. Raymond K.F. Ch'ien is the chairman of the Hang Seng Bank Hong Kong, while Mr. Raymond C.F. Or is the vice chairman and the chief executive of the Bank. Joseph C.Y. Poon is the present Managing Director as well as the Deputy Chief Executive of the Bank.

The Hang Seng Bank Hong Kong also offers several e-services. Some of these are listed in the following points: