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  • September 16, 2014
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  1. Hang Seng Index fails to hold above 21,000

    Posted Aug 05th 2009, 12:00am by Nick Westra

    ... Nick Westra The Hang Seng Index cleared the 21,000-point hurdle yesterday morning for the first time since early September last year but could not hold the line, as skittish investors retreated on speculation that upcoming earnings announcements could disappoint the market. The index climbed 1.87 per cent before finishing at 20,796.43, down 10.83 points or 0.05 per cent. HSBC ...

  2. Hang Seng profit up 14pc as bad debts rise

    Posted Jul 31st 2012, 12:00am

    ... Hang Seng Bank has reported better-than-expected growth in first-half net profit, but its bad-debt provision also rose substantially. The Hong Kong-based subsidiary of HSBC yesterday ... prudent].' Lee said Hang Seng had very little European sovereign debt exposure and had stopped investing in Europe. But a high bad-debt figure cast a cloud over the otherwise strong results. Bad ...

  3. Margaret Leung - Chief executive, Hang Seng Bank

    Posted Oct 11th 2011, 12:00am

    ... easily. Nor do I accept stereotypes,' says Leung, the first female CEO of Hang Seng Bank - or any listed bank in Hong Kong - and the first woman to be in command of a leading blue-chip ... of America and in 1978 joined HSBC, where she worked in various departments, including retail, commercial and investment banking. She became head of Hang Seng Bank in 2009. Leung has embraced changes ...

  4. Hang Seng Bank eyes wealthy mainlanders

    Posted Mar 23rd 2012, 12:00am

    ... George Chen george.chen@scmp.com Hang Seng Bank plans to grow its wealth management business in Hong Kong by about 50 per cent in the next three years as it sets its sights on attracting ... including new immigrants and frequent visitors from the mainland. More than half of Hong Kong's seven-million-plus population already have accounts with Hang Seng Bank, making those who come ...

  5. Hang Seng bets on well-heeled to double private bank earnings

    Posted Aug 20th 2007, 12:00am by Andy Chen

    ... Seeing limited growth in mortgages and credit cards, Hang Seng Bank plans to double the half-year pre-tax profit of its private banking business to more than HK$900 million by 2011 by focusing on wealth management and insurance. Hang Seng, a unit of HSBC, is joining industry peers in expanding fee-based income because it faces stiff competition for interest income in the face ...

  6. Outlook is positive for Hang Seng Bank

    Posted Jul 30th 2011, 12:00am

    ... Analysts are optimistic about Hang Seng Bank's strong loan growth, but say capital levels and loan quality are two areas to watch when it delivers first-half results on Monday. Hang ... margins, a measure of lending profitability, remain soft. Rising costs could also bite into earnings, analysts said. The average market forecast for Hang Seng Bank's pre-tax profits stands ...

  7. Hang Seng nets HK$12b profit

    Posted Mar 06th 2007, 12:00am by Andy Chen

    ... Lender gets boost from mainland unit and may book 1.5b yuan gain from listing of Industrial Bank Hang Seng Bank, a unit of HSBC Holdings, said it might book a 1.5 billion yuan gain from ... Pretax profit at Hang Seng Bank's mainland branches jumped 94.2 per cent to HK$134 million after the lender increased the number of outlets to 16 last year. Mainland operations accounted ...

  8. Hang Seng Bank plans US dollar bond sale

    Posted Jun 16th 2006, 12:00am by Staff Reporter

    ... Hang Seng Bank, the sixth-largest Hong Kong-listed lender by market capitalisation, plans to sell US dollar-denominated bonds to strengthen its tier-two capital, according to market ... are expected to carry a floating interest rate and the bank will have the option to redeem them after the fifth year. HSBC, Hang Seng Bank's parent, is the lead manager to arrange the deal. Rating ...

  9. Hang Seng turns to small firms after earnings drop

    Posted Mar 07th 2006, 12:00am by Andy Chen

    ... Lender also plans to offload properties and increase stake in mainland partner Hang Seng Bank plans to spend more on commercial banking and dispose of its properties after earnings dipped ... the lender's net profit fell 0.19 per cent to $11.34 billion last year. A poll by Thomson Financial of 20 brokers predicted Hang Seng's profit would rise 1.46 per cent to $11.56 billion. Mr ...

  10. Hang Seng increases account fee sixfold as sector adjusts charges

    Posted Feb 10th 2006, 12:00am by Martin Wong

    ... Fees on some Hang Seng Bank accounts will increase sixfold as more banks, including Citibank and Bank of East Asia, announced increased fees for small customers yesterday, a day after ... should care for less-privileged customers. From April, the city's second-largest bank, Hang Seng, will charge customers of its Integrated Account Services with balances less that $10,000 ...




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