Hang Seng Bank - History

History

  • 1933 Hang Seng opens as a simple money-changing shop in Hong Kong.
  • 1952 Hang Seng becomes a limited company engaged in commercial banking.
  • 1960 Hang Seng Bank becomes a public company.
  • 1965 Hang Seng Bank suffered a bank run that depleted approximately one-fourth of its deposits. The Hongkong and Shanghai Banking Corporation (HSBC) acquires 51% of Hang Seng Bank at HKD 51 million.
  • 1972 Hang Seng Bank lists on the Hong Kong Stock Exchange.
  • 1985 Hang Seng Bank opens a representative office in Shenzhen, in the PRC.
  • 1995 Hang Seng Bank opens its first branch on the Mainland, in Guangzhou.
  • 1997 Hang Seng Bank opens a branch in Shanghai.
  • 2003 Hang Seng Bank opens a branch each in Nanjing and Macau.
  • 2004 Hang Seng Bank acquires 15.98% of Industrial Bank (China), in Fujian, and opens a branch in Fuzhou.
  • 2005 Hang Seng Bank upgrades its Beijing representative office to a branch.
  • 2007 Hang Seng Bank (China) Company Limited started operations.

Read more about this topic:  Hang Seng Bank

Famous quotes containing the word history:

    America is the only nation in history which, miraculously, has gone directly from barbarism to degeneration without the usual interval of civilization.
    Attributed to Georges Clemenceau (1841–1929)

    In history an additional result is commonly produced by human actions beyond that which they aim at and obtain—that which they immediately recognize and desire. They gratify their own interest; but something further is thereby accomplished, latent in the actions in question, though not present to their consciousness, and not included in their design.
    Georg Wilhelm Friedrich Hegel (1770–1831)

    The only thing worse than a liar is a liar that’s also a hypocrite!
    There are only two great currents in the history of mankind: the baseness which makes conservatives and the envy which makes revolutionaries.
    Edmond De Goncourt (1822–1896)