Hang Seng Bank
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Hang Seng Bank Limited (恒生銀行有限公司) or Hang Seng Bank (恒生銀行) is the second largest bank in Hong Kong. It is a listed company but it is majority owned (62.14% equity interest) by the HSBC Group via the Hongkong and Shanghai Banking Corporation. Hang Seng is also one of the constituent shares of the Hang Seng Index. The current vice-chairman and CEO is Raymond Or.
Mr Vincent Cheng has been appointed to be the Chairman (designate) of HSBC Hong Kong (commonly known as HongkongBank in Hong Kong). He took up the post on May 25 2005.
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| Corporate Directors: Baroness Dunn | Sir Brian Moffat | Stephen Green | Lord Butler of Brockwell | Raymond Ch'ien | John Coombe | Rona Fairhead | Douglas Flint | William Fung | Michael Geoghegan | Sharon Hintze | James Hughes-Hallett | Sir Mark Moody-Stuart | Stewart Newton | Simon Robertson | Helmut Sohmen | Sir Brian Williamson |
| Brands: The Bank of Bermuda | Beneficial | first direct | Hang Seng | HFC | HSBC | HSBC Bank International | HSBC Halbis Partners | HSBC Investments | HSBCnet | HSBC Premier | Marbles | M&S Money | Proa |
| Local Banks: Argentina | Australia | Bermuda | Brazil | Canada | China | Egypt | France | Germany | Hong Kong | Iraq | Malaysia | Middle East | Malta | Mexico | Poland | Turkey | United Kingdom | United States |
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Minority Stakes and Joint Ventures: Bank of Communications (19.9%) | Bank of Shanghai (8%) | HSBC Saudi Arabia Limited (60%) | Ping An (19.9%) | Techcombank (10%) | The Saudi British Bank (40%) | UTI Bank Limited (4.99%) | Wells Fargo HSBC Trade Bank N.A. (20%) |
| Annual Group Revenue: .7 billion USD ( 10% FY 2005) | Employees: 284,000 | Stock Symbol: LSE: [HSBA] | Website: [www.hsbc.com] |
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