About Hang Seng Bank

Hang Seng Bank Limited, together with its subsidiaries, engages in the provision of banking and related financial services. The company is a subsidiary of The Hongkong and Shanghai Banking Corporation Limited. The company has a network of service outlets in Hong Kong. Its wholly owned subsidiary, Hang Seng Bank (China) Limited, operates a strategic network of outlets in major cities in mainland China to serve a growing base of mainland customers locally and those with cross-boundary banking needs. The bank also operates branches in Macau and Singapore, and a representative office in Taipei. Digital transformation remains a core part of the company's strategy. The company successfully delivered over 460 new digital innovations and enhancements. Its first-in-market services in Hong Kong include Mobile Cheque Deposit, a Green Receipt (transaction e-Advice) service at branches and the introduction of the U.S. equity-linked investments on both mobile and online banking platforms. Segments The company operates through Wealth and Personal Banking, Commercial Banking, Global Markets, and Other segments. Wealth and Personal Banking offers a broad range of products and services to meet the personal banking, consumer lending and wealth management needs of individual customers. Personal banking products typically include current and savings accounts, time deposits, mortgages and personal loans, credit cards, insurance, investment and other wealth management services. Commercial Banking offers a comprehensive suite of products and services to corporate, commercial and small and medium-sized enterprises ('SME') customers - including corporate lending, trade and receivable finance, payments and cash management, treasury and foreign exchange, general insurance, key-person insurance, investment services and corporate wealth management. Global Markets provides tailored solutions and services in foreign exchange, bullion, equities, fixed income and securities financing, as well as managing the funding and liquidity position of the Group and other market risk positions arising from banking and client activities. Other mainly represents the company's holdings of premises apart from outlets dedicated for Wealth and Personal Banking, investment properties, equity shares and subordinated debt funding, as well as central support and functional costs with associated recoveries. History Hang Seng Bank Limited was founded in 1933.