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:
“The history of all hitherto existing society is the history of class struggles.”
—Karl Marx (18181883)
“The second day of July 1776, will be the most memorable epoch in the history of America. I am apt to believe that it will be celebrated by succeeding generations as the great anniversary festival. It ought to be commemorated, as the day of deliverance, by solemn acts of devotion to God Almighty. It ought to be solemnized with pomp and parade, with shows, games, sports, guns, bells, bonfires and illuminations, from one end of this continent to the other, from this time forward forever more”
—John Adams (17351826)
“Dont give your opinions about Art and the Purpose of Life. They are of little interest and, anyway, you cant express them. Dont analyse yourself. Give the relevant facts and let your readers make their own judgments. Stick to your story. It is not the most important subject in history but it is one about which you are uniquely qualified to speak.”
—Evelyn Waugh (19031966)