Company Name: Hang Seng Bank Limited Foreign Language Name: Hang Seng Bank Limited Headquarters Location: No.83 Des Voeux Road Central, Hong Kong Island Established Time: 1 March 3, 933 Company Nature: Slogan of listed companies: Wealth management and wealth creation focus on your (2006) annual turnover:1. HK$ 6.68 billion (20 1 1 year) Employees: 9,488 (20 1 year) Chairman: Raymond Ch'ien (independent non-executive director) Chief Executive Officer: Zheng Huimin (concurrently vice chairman)? Development scale, naming, history, group structure, overview, subsidiaries, business profile, branch network, Hang Seng Center, rating award, performance award, brand award, community service award, Morgan Stanley incident, account opening and development scale. The head office of Hang Seng Bank in Hong Kong is located at No.83 Des Voeux Road Central, Hong Kong Island (the building was formerly the Central Fire Station 1988 demolished on New Year's Day). In Hong Kong, there are 82 branches (including head office, superior and excellent financial center), MTR station offices, self-service financial centers and ATMs, with a total of more than 265,438+00 service outlets. Among them, every MTR station has an ATM, which is connected with HSBC and called "ETC", but its Chinese name was rarely used in 20 12 years. Hang Seng Bank has 65,438+0 branches in Macau and 35 business bases in Chinese mainland, including 65,438+02 branches (located in Beijing, Tianjin, Shanghai, Hangzhou, Guangzhou, Dongguan, Shenzhen, Fuzhou, Nanjing, Ningbo, Kunming and Jinan) and 25 branches (9 in Shanghai, 5 in Guangzhou and 4 in Shenzhen). As of 20111February 3 1, Hang Seng Bank had total assets of HK$ 975.445 billion, shareholder funds of HK$ 78.755 billion, total customer loans of HK$ 482.244438 billion and customer deposits of HK$ 740.8 billion. The total number of credit cards increased by 65,438+00% to 2.23 million. By 20111231,the total number of employees was 9,834, an increase of 192 over the previous year, with an increase of 2.0%. Of the total number of employees, 65,438+0,407 are administrative staff, 4,048 are management and full-time staff, and 4,379 are clerical and non-clerical staff. According to Hang Seng official website, the name means "eternal growth". However, according to He Tian, former vice chairman of Hang Seng, the word "Hang Seng" was taken from Heng Xing Bank opened by Sheng Chunlin at that time and Sheng Da Bank in Bing Yim Lam. During the establishment of Hang Seng Bank from 65438 to 0933, among the four founders, He Shanheng made the least contribution, only 1 1,000 Hong Kong dollars, but he had the closest relationship with the development of Hang Seng Bank. He Shanheng Hang Seng Bank was originally located in an old building at No.70 Yongle Street, Sheung Wan, with many banks and an area of only 800 square feet. At that time, the chairman of the bank was Bing Yim Lam, and the manager and deputy manager were He Shanheng and Liang Zhiwei respectively. The staff of the bank is only 1 1, which is relatively small. At first, I mainly did gold trading, remittance and change. The profit in the first year of opening was HK$ 65,438+00,389. Headquartered in Hong Kong, Hang Seng Bank later expanded its business to big cities such as Guangzhou and Shanghai. During Japan's invasion of China from 65438 to 0937, Japan launched a war of aggression against China, and wealthy mainland households went south in succession, eager to exchange silver dollars for Hong Kong dollars. As Hang Seng Bank has established business networks all over Chinese mainland, its business is booming. China national * * * is in urgent need of foreign exchange for military expenditure, and Hang Seng is the exclusive agent for * * *' s foreign exchange business, from which it draws commission, which is very profitable. 194 1 Hong Kong fell and Hang Seng was forced to close. Bing Yim Lam, He Shanheng and others took funds and 65,438+08 employees to Macau for temporary shelter. At that time, Hang Seng Bank of the same name had been established in Macau by Huang Rong, Australia, so they changed their name to Yonghua Bank to continue their business. 1945, after the recovery of Hong Kong, they returned to Hong Kong, moved Hang Seng Bank to the new address of Queen's Road Central 18 1 and reopened their own property. The scale of the new store is bigger than before. 1946, inviting Sir Guo Weili to take charge of overseas gold trading. In the early postwar period, People's Republic of China (PRC) was founded, and Chinese mainland implemented a series of strict foreign exchange controls. During the Korean War, the United Nations imposed an economic blockade on Chinese mainland, which not only undermined overseas investment confidence in Chinese mainland, but also adversely affected the banking business that originally had a mainland network. In addition, after the war, Hong Kong's economy took off, manufacturing and real estate industries rose, and the demand for loans increased. Under these two factors, banks in Hong Kong began to transform. Due to the loss of contact with Chinese mainland, Hang Seng also began to transform its business. 1952, 1952, Hang Seng was registered as a private limited company in Hong Kong on February 5, with a registered capital of100,000 Hong Kong dollars and paid-in capital of 5 million Hong Kong dollars, and a new board of directors was established. At that time, Bing Yim Lam had passed away. The chairman was He Shanheng, the vice chairman was Liang Zhiwei, and the general manager was He Tian. 1953, Hang Seng moved into the five-storey self-owned property located atNo. 163 to 165, Queen's Road Central, and started commercial banking business in an all-round way. At that time, Hang Seng's main customers were the general public and small and medium-sized enterprises. He Shanheng has formulated a series of service rules for employees, stipulating that employees must treat customers sincerely, which is well received by the public. As for the customers of small and medium-sized enterprises, they are mainly manufacturers of clothing, toys, electronics, plastics and hardware in Guangdong. They want to get credit, but they don't have the company balance sheet and sufficient conditions to support them to get credit. Since Hang Seng already knows their background, it doesn't mind giving credit. These small companies later developed into large companies and groups and became long-term customers of Hang Seng. 1959, 10 In June, Hang Seng increased its registered capital to HK$ 30 million, and its paid-in capital was about HK$/kloc-0.50 million. 1On February 7th, 960, Hang Seng was reorganized into a public company limited in Hong Kong and officially renamed as "Hang Seng Bank". In the same year, two branches were established in Yau Ma Tei and Mong Kok, Kowloon, actively expanding the branch network in Hong Kong and Kowloon. 1962 Christmas, the new head office building, Hang Seng Building, was completed and put into use, with a height of 22 stories, which was the tallest building in Hong Kong at that time, while Hang Seng Head Office moved to the former site of the Central Fire Station on 199 1. From 1954 to 1964, the capital account of Hang Seng Bank increased from HK$ 6.3 million to HK$ 52.5 million, and the deposit increased from HK$ 2 10/00000 to HK$ 720 million. Total assets increased from HK$ 32 million to HK$ 76,654,380+million. Before the 1965 Hong Kong stock crash, Hang Seng was the largest Chinese bank in Hong Kong in terms of deposits and assets, and gradually became the main competitor of HSBC in the banking retail business. 1965 Banking Crisis Hang Seng's controlling stake changed hands 1965 1 10, the first large-scale banking crisis broke out in Hong Kong. The reason is that on October 23rd, 65438 10, a US dollar check with a value of about HK$ 7 million issued by Mingde Bank was dishonored. After the news came out, many depositors flocked to withdraw cash. Because the bank was unable to pay the huge amount of cash withdrawal for a while, on June 27th, 65438, Hong Kong * * * officially took over Mingde Bank. Later, the run spread to other Chinese banks, such as Guangdong Trust Bank, Hang Seng Bank, Guang 'an Bank, Dao Heng Bank and Wing Lung Bank. After HSBC and Standard Chartered Bank declared that they did not support Chinese banks in Hong Kong, and the Hong Kong government took a number of measures, the storm temporarily subsided on February 10. But the incident did not end there. Until March, some newspapers still published some unfounded rumors that denigrated local banks, and Hang Seng was one of them. During this period, big customers quietly closed their accounts; At the beginning of April, the run broke out again, with Hang Seng Bank bearing the brunt. The first accident at Hang Seng Bank was Aberdeen Branch. At that time, a large number of customers flocked to ask for deposits. As the general manager, He Tian advised not to withdraw money in a hurry. Some big customers with HK$ 200,000 to HK$ 300,000, such as Director Han Sen, asked He Tian to sign a letter of guarantee before stopping the withdrawal. At the head office, the people who withdraw money even extended to the Hong Kong Club in the Statue Square. HSBC once again expressed its support for Hang Seng Bank, and sent staff to the lobby of Hang Seng Head Office to prove that there was enough cash supply, and stacks of banknotes were distributed in every corner of the lobby. However, the situation shows no signs of improvement. On April 5th, Hang Seng Bank lost HK$ 80 million a day, accounting for one sixth of the total bank deposits, and lost HK$ 200 million in early April. Faced with this dilemma, He Shanheng convened a board meeting to discuss countermeasures. At that time, three schemes were obtained: 1, and assistance was received from Chase Bank; 2. The bankruptcy was taken over by * * * *; 3. Seek help from Hongkong and Shanghai Banking Corporation. After many days of discussion, on April 8, the board of directors decided to sell the controlling stake in the bank to HSBC and give it to Sir William Kwok, who is proficient in English. On April 9th, after obtaining the approval from Hong Kong Financial Secretary Guo, we immediately negotiated with HSBC. During the negotiation, the total value of the two parties in Hang Seng and the number of shares sold were quite different. HSBC believes that the total value of Hang Seng is HK$ 67 million, and requests to acquire 76% equity of Hang Seng. However, Hang Seng believes that its total value is HK$ 6,543.8 billion, and it is only willing to sell 5 1% equity. On April 2, HSBC agreed to acquire the 5 1% equity of Hang Seng at RMB 5110,000 (later increased to 62 14%) because it was worried that it would be difficult to be immune. After the news came out, the agitation also subsided. It is reported that He Shanheng cried for two nights because the controlling stake in Hang Seng was ruined. However, on the day of the sale, he personally held a meeting to explain to employees and stabilize people's hearts. HSBC has undoubtedly become a big winner. HSBC not only bought the most valuable assets at a low price, but also eliminated the most threatening competitors in Hong Kong's banking industry, thus establishing its monopoly advantage in Hong Kong's banking retail industry. After the acquisition, HSBC only sent four representatives to join the board of directors, and continued to maintain the original Chinese management, and He Shanheng and others were able to stay. This is a vision for HSBC. At that time, Sandoz, general manager of Hongkong and Shanghai Banking Corporation, believed that the success of Hang Seng Bank lay in its management in China, so HSBC did not need to intervene. With the support of HSBC, Hang Seng's business has been greatly expanded. Mainly engaged in small and medium-sized enterprises: the management still adheres to the policy of focusing on small and medium-sized enterprises. At that time, from 65438 to 0960 to 1970, Hong Kong's industries took off, and SMEs generally lacked funds to expand. However, Hang Seng gave financial support and provided letters of credit and import and export financing services. For example, before Zheng Yutong, a big investor in China, made a fortune, Chow Tai Fook Jewelry he was in charge of benefited from the support of Hang Seng, and then entered the real estate industry from the jewelry industry. Changshi and Hang Seng also have a long history. Li Ka-shing tried to get to know He Shanheng when he was running a plastic flower factory. After the meeting, He Shanheng was deeply impressed by him and thought he was a capable and potential customer. After the small company evolved into a large enterprise, it became a long-term customer of Hang Seng. For example, Hang Seng provides many mortgages for long-term properties; In the new world ruled by Zheng Yutong, Hang Seng Bank is still its main bank. Housing mortgage service of Hang Seng Bank: Since the 1960s, the real estate industry in Hong Kong has gradually prospered. In order to win the mortgage market for small and medium-sized dwelling houses, 1967, Hang Seng offered the middle class (also known as the "sandwich class") residential housing mortgage service for seven years, which changed the practice of three years at that time and allowed the middle class to buy their own homes and live in peace. IPO: 1972, Hang Seng Bank listed in Hong Kong. It reduced the par value of shares from 65,438+0 to 65,438+00, and issued new shares, which increased the paid-in capital from HK$ 45 million to HK$ 6,543.80 billion. In May of the same year, Hang Seng issued 100,000 shares, with a par value of10 yuan per share, which was publicly offered at a price of 100 yuan per share. As a result, it was oversubscribed by 29 times, and the frozen funds amounted to HK$ 2.8 billion, equivalent to half of Hong Kong's fiscal revenue in *** 197 1 year. On June 20th, Hang Seng was listed on the Hong Kong Stock Exchange, which was the first bank listed in Hong Kong after the war. On that day, Hang Seng opened higher at 175 yuan, rose to 186 yuan all day, and finally closed at 165 yuan, that is, the market value of Hang Seng has reached 1.65 billion. In addition, the name of Hang Seng is deeply rooted in people's hearts because of its "Hang Seng Index" 1969. Expanding Branch Network: In addition, Hang Seng Bank has also expanded its branches in Hong Kong and Chinese mainland to build a wider network. By the time 1972 was listed, Hang Seng had 20 branches in Hong Kong with more than 2,000 employees, making it a commercial bank second only to HSBC. By 198 1, the number of branches has increased to 45. In the same year, it also obtained the franchise right to open branches along the MRT. Since the mid-1960s, Hang Seng Bank has set up a branch in Chinese mainland. Acquisition of Yongan Bank: 1980, banking crisis broke out. 1984, a scandal broke out in yongan bank, and Guo Zhiguang, the general manager, misappropriated100000 dollars for his own use. During the period of 1985, Yongan's bank capital was negative because it was unable to recover loans from directors and managers. 1In May 1986, Hang Seng Bank reached an agreement with Wing On Bank, in which Hang Seng injected HK$ 65,438+76 million into Wing On to acquire 50.29% equity of the bank. At this point, Hang Seng Bank became the largest shareholder of Yongan Bank. Under the management of Hang Seng, Yongan turned losses into profits. 1993 June 5438+ 10, Hang Seng sold Wing On Bank to Daxin Financial Group, with a profit of HK$ 478 million. Exploiting Chinese mainland market: Hang Seng Bank (China) is a wholly-owned subsidiary of Hang Seng Bank, which was established on May 28th, 2007. As of October 29th, 20 1 12/kloc-0, Hang Seng Bank (China) had1in Beijing, Tianjin, Shanghai, Hangzhou, Guangzhou, Dongguan, Shenzhen, Fuzhou, Nanjing, Kunming, Ningbo, Shanghai, Guangzhou, Shenzhen and Ningbo. Overview of Group Structure Hang Seng Bank is a member of HSBC Group. Its parent company is HSBC Holdings Limited registered in the UK, and the Hongkong and Shanghai Banking Corporation under HSBC Holdings holds 62. 14% of the shares of Hang Seng Bank. Hang Seng Bank's shares are also listed and traded on the London Stock Exchange, and American depositary receipts are provided for American investors in the form of first-class sponsorship. According to the 2005 Annual Report of Hang Seng Bank, according to Article 2 of the Hong Kong Companies Ordinance, There are 39 subsidiaries as follows: Hang Seng Bank Headquarters UnionPay Insurance Co., Ltd., Bright Future Investment Co., Ltd., Eternal International Co., Ltd., Zhengfeng Investment Co., Ltd., Hang Seng Asset Management (Private) Co., Ltd., Hang Seng Bank (Bahamas) Co., Ltd., Hang Seng Bank Trust (Bahamas) Co., Ltd., Hang Seng Bank Trust International Co., Ltd., Hang Seng Gold Industry Co., Ltd., Hang Seng Credit Co., Ltd., Hang Seng Deposit (Bahamas) Limited, Hang Seng Credit Card Limited, Hang Seng Information Service Limited, Hang Seng Finance Limited, Hang Seng Finance (Bahamas) Limited, Hang Seng Financial Information Limited, Hang Seng Futures Limited, Hang Seng Insurance Limited, Hang Seng Insurance (Bahamas) Limited, Hang Seng Investment Management Limited, Hang Seng Investment Service Limited, Hang Seng Life Insurance Limited, Hang Seng (Agent) Limited, Overview of Hang Seng Property Management Co., Ltd., Hang Seng Securities Management Co., Ltd., Hang Seng Investment Co., Ltd., Hayden Lake Co., Ltd., Gao Tai Investment Co., Ltd., Hang Seng International Co., Ltd. and Hang Seng Bank, including Hang Seng Service Co., Ltd., Imenson Co., Ltd., Acer Investment Co., Ltd., Yongnian Advertising Co., Ltd., Jubilee Co., Ltd., Qiao Yu Investment Co., Ltd. and Ennian Development Co., Ltd. The business of Hang Seng Bank is mainly divided into personal financial services and commercial financial services. Personal financial services include comprehensive financial services, deposit services, credit card services, mortgage services, private loan services, investment services and insurance services. Among the comprehensive wealth management services, Hang Seng has three unique wealth management services for different customers, namely excellent wealth management, excellent wealth management and comprehensive wealth management account. Commercial financial services include comprehensive commercial accounts, commercial cash management, investment, loans, business cards, insurance and MPF. Hang Seng is headquartered at 83 Des Voeux Road Central, Hong Kong Island. There are 145 branches and self-service financial centers in Hong Kong. In addition, Hang Seng in Hong Kong has ATMs at every MTR station, which are connected with HSBC. It is called "all-in-one money", but this word is rarely used in 20 13. Hang Seng has 65,438+0 branches in Macau and 65,438+06 business bases in Chinese mainland, including 65,438+00 branches (located in Beijing, Shanghai, Hangzhou, Guangzhou, Dongguan, Shenzhen, Fuzhou, Nanjing, Kunming and Ningbo) and 22 branches (9 in Shanghai, 4 in Guangzhou and Shenzhen). We have an office in Taipei and a self-service shop in western Chongqing (the address is on the first floor of Suning Appliance in Yangjiaping Pedestrian Street, Jiulongpo District, Chongqing). Hang Seng Building is located at Telford Plaza Phase II, No.33 Ye Wei Street, Kowloon Bay, Hong Kong. It is the logistics office center of Hang Seng Bank in Kowloon, similar to the Standard Chartered Center in Century City Phase I. There is Hang Seng Bank Kowloon Bay Branch in the building. Rating Awards Performance Award In 2008, it won the "Best Local Bank in Hong Kong" in the "Best Bank Award in 2008" of Asian currencies; In 2008, he won the "Wealth Management Excellence Award" in the "2008 Retail Financial Service Excellence Award" sponsored by "Asian Banker" magazine; In 2006, he won the 2006 Outstanding Retail Financial Services Award sponsored by Asian Banker, the Best Retail Bank Award in Asia, the Best Retail Bank Award in Hong Kong and the Wealth Management Award. In July 2005, Standard & Poor's invested in Hang Seng B+ and gave it a basic banking strength rating, which was the highest rating obtained by a Hong Kong bank. In June 2005, Moody's Investment Services Company confirmed Hang Seng Bank's financial strength as Grade B, which is the highest rating obtained by Hong Kong banks. In April 2005, Fitch International confirmed the personal rating of A/B, which is the highest rating among Asian banks. In 2005, it was rated as the most powerful bank in the annual "Top 300 Asian Banks" survey by Asian Banker magazine. In 2005, he won the "Outstanding Wealth Management Award" in the "Outstanding Retail Financial Service Award" held by Asian Banker; In 2005, it was selected as "the best local bank in Hong Kong" by Treasury magazine and won this honor for six consecutive years; In 2005, in the survey of the best companies in Asia by Financial Asia magazine, it ranked first in the "most committed to a strong dividend policy" for the second consecutive year. In the ranking of "2005 FT Global 500", it ranks 220th in the world's largest listed company by market value; In 2005, the cost-income ratio of Hang Seng Bank was 28%, which was the lowest in the banking industry. In 2004, it was selected as "the best local bank in Hong Kong" in the fund management survey of Asian currencies. In 2004, it was selected as "the best local foreign exchange bank in Hong Kong" in the Asian currency foreign exchange survey. Brand Awards From 2004 to 2006, it was awarded the gold medal of "Reputation Brand" in the category of banks and investment fund companies by Reader's Digest. From 2003 to 2004, he was awarded "Yahoo! Emotional brand award "; Community Service Award From 2005 to 2006, the environmental management system of Hang Seng Bank Head Office and Hang Seng Center obtained the ISO 1400 1 environmental management system certificate, which was the first local financial institution to obtain this certificate; In 2005, the "Hang Seng Going Green" activity won the "2004 Environmental Protection Enterprise Award for Environmental Protection Practice Creativity (Green Team Spirit)"; From 2003 to 2006, it was praised as "caring organization for business exhibitions" by the Hong Kong Council of Social Service; In 2004, "Hang Seng Bank Help Police Fight Juvenile Crimes Competition 2002" won the gold medal of "The 6th China Public Relations Case Competition" awarded by China International Public Relations Association. Morgan Stanley, an American-owned brokerage firm, expressed opinions on Hang Seng Bank five times in just one hour before the market opened on July 20th, 201/KLOC-0, with totally opposite opinions. According to cable TV data, Morgan Stanley made five comments on Hang Seng Bank's share price between 8: 55 and 9: 42 this morning. Before the opening of Hong Kong stocks, it is expected that Hang Seng will "outperform" its peers within 15, and a report will be released 22 minutes later, indicating that it is expected that Hang Seng will "outperform" the index within 15. Soon after, within the same minute, the report was published and the strategic proposal was immediately terminated. After 23 minutes, the Hong Kong stock market has opened, and then a report will be released to immediately terminate the strategic proposal. The last time was at 9: 42. It is expected that Hang Seng will "underperform" the index within 15 days. A spokesman for Hang Seng Bank said that he had asked Morgan Stanley about the situation, and Morgan Stanley said that the incident was a systematic technical error. According to Morgan Stanley, the first of the five reports should be a "true report", which means that Hang Seng's share price will "underperform" its peers. A spokesman for Morgan Stanley responded that the incident was purely a technical system error of the bank, which led to the release of several reports. The spokesman reiterated that the bank has not changed its view on Hang Seng Bank and maintained the proposal of "reducing its holdings". However, some people in the fund industry pointed out that it is too simple to explain the incident with "system technical error". He pointed out that if it is only a system problem, it theoretically means that a report will be reissued several times, instead of suddenly saying that the stock will "underperform" its peers and suddenly become a "outperform" index. In my opinion, this incident is not just a systematic problem. Opening an account with Hang Seng Bank and opening an account with Hang Seng Bank in Hong Kong generally require all directors of the company to open an account in person. If the account holder or company director is from Chinese mainland, he must hold a China passport or a Hong Kong and Macao pass to open an account. Company files and related materials should be brought. Methods of Directors or Shareholders Not Going to Hong Kong to Open a Bank Account Because it is inconvenient for some directors to open an account directly in a Hong Kong bank, they can sign an account opening document (commonly known as signature witness) at a branch of a Hong Kong bank in China. After the branch sends the documents to the head office in Hong Kong, we will go to the head office to open an account for them. Because this kind of account opening is complicated, you can check with us before opening an account. If you don't have a passport, you can open a offshore account in China branch of Hongkong Bank. Account signatories and non-account signatories can apply as long as they hold Chinese mainland identity cards. Account holders should carry relevant documents and materials. Required information: original director's identity certificate (identity certificate or passport)/original business registration/registration certificate/original articles of association/original articles of association/minutes of meeting/account opening document signed by accountant/cash deposited in new account/original credit certificate issued by bank (credit certificate should include: account holder's name, passport or ID number, account opening date, deposit amount and the words "good bank record"). Services include recommending bank accounts, arranging to send a signed witness instruction letter to the bank to open an account, preparing an account opening certificate signed by an accountant or lawyer, preparing an application for bank accounts, and assisting customers to open an account in the bank.