Hang Seng Bank - Major Milestones In Mainland China
Financial Strength
Hang Seng Bank - Major Milestones In Mainland China
Profile and History
Year
Event
2024

HACN Launched the First Key Deal under the Management of Cross-border Cash Pooling Pilot Program
Hang Seng and Hang Seng China's Wealth Management Products Increase to Over 320 Varieties
Hang Seng China Partner with CIGLINK to Launch a New Digital Foreign Exchange Service Platform
A New Cross-boundary Wealth Management Centre of Hang Seng China Opened in Guangzhou

2023

Hang Seng China Becomes the First Batch of Foreign Banks to Launch Individual E-CNY Business
Hang Seng China Launched PSE Family Account Service
Hang Seng China Opened Cross-boundary Wealth Management Centre in Shenzhen
Hang Seng China Actively Participated in SmartHK and Held Guangdong-Hong Kong-Macao Greater Bay Area Innovation Economy Summit and GBA Wealth Management Seminar in Shenzhen
Hang Seng China Opened First Cross-boundary Wealth Management Centre
Hang Seng China Launched New-Generation E-bank Acceptance Bill Business
Hang Seng China Launched 2022 ESG Report

2022

Hang Seng China Closed First Cloud Chain Business in the 5G Communication Industry, to Expand Green Supply Chain Finance Application Scenario
Hang Seng China Launched eRF Electronic Factoring Service Platform
Hang Seng China Launched First Co-Borrower Cross-Border Syndication
Hang Seng China Launched Retail Banking APP 6.0
Hang Seng China Closed First USDCNY Asian Style Call Option Deal
Hang Seng China Closed First USDCNY Average Rate Asian Collar Option Deal
Hang Seng China Completes the First ESG-linked Cross Currency Swap(CCS) Trade
Hang Seng China Cross-border Payment Business Awarded Internationally
First Pilot Deal launched via HSCF in Hang Seng China
Hang Seng China Launch Its First-ever ESG Report
Hang Seng China Launch 2022 Future-themed Corporate Social Responsibility Projects
Hang Seng China Maintained Stable Business Growth with Net Profits Growing at a Compound Annual Growth Rate (CAGR) of 27%

2021

Hang Seng China Offered Loan of CNY100 Million to Huafu Fashion Co., Ltd
Hang Seng China Offered Green Loan to JIC Leasing Co., Ltd. for Urban Ecological Management
Hang Seng China Completes Its First Unfunded Risk Participation Deal to Further Empower Real Economy
Hang Seng China Maintained Resilient Business Growth with Net Profits Growing at a Compound Annual Growth Rate (CAGR) of 48% from 2018 to 2020
Hang Seng China Becomes First Foreign Bank to Partner with Ali Ding Talk for Wholesale Banking Business
Hang Seng China Completes First ESG-linked RMB Rates Derivative
Hang Seng China Becomes First Foreign Bank to Offer Green Mortgage Services
Hang Seng China Signed a Loan Agreement with CFPA Microfinance Management to Support Agricultural Development
Hang Seng Welcome Statement on Wealth Management Connect Scheme
Hang Seng China Becomes the First Batch of Bank to Offer Products under Cross-boundary Wealth Management Connect Scheme

2020

Hang Seng China Pledged RMB 2 Million Donation to Combat Novel Coronavirus Pneumonia.
Hang Seng China Offers RMB 10 Million Interest Concession to Combat Novel Coronavirus Pneumonia.
Hang Seng China Completes the First Electric Certificate of the Obligatory Claim with SF Rong-E Lian.
Hang Seng China Launches ‘Cross-Border View and Transfer' Service.
Hang Seng China Becomes the First Foreign Bank to Complete Mobile Financial APP Filing.
Hang Seng China Launches Direct Banking .
Hang Seng China First to Launch Hong Kong-Mainland ETF Cross-Listing Product.
Hang Seng China Completes Its First Payment Agency to Further Facilitate Supply Chain Finance.

2019

Hang Seng China releases retail banking APP.
Hang Seng China became the first foreign bank to issue negotiable certificate of deposit (NCD) in mainland China, with issuing a total of RMB 1.83 billion NCD through the "Bond Connect".
Hang Seng China Beijing Financial Street Sub-branch opens in June.
Hang Seng China launches WeChat withdrawal service for debit card.
Hang Seng China electronic commercial bills of exchange system upgrade to provide customers with efficient service channels and operational experiences.
Hang Seng China becomes first bank to reach a loan with interested referred to new market Loan Prime Rate (LPR).
Hang Seng China completes first interbank RMB interest rate swap transaction with reference to LPR pricing.
Hang Seng China completes first valet RMB interest rate swap transaction with reference to LPR pricing.
Hang Seng China accesses the PBOC's second-generation payment system of the Super Online Banking System.
Hang Seng China becomes the first foreign bank to participate in interbank bond trading in the stock exchanges.
Hang Seng China Retail Banking App officially joined the Super Online Banking System, providing 7 * 24 hours full-time service.
Hang Seng China Shanghai Branch officially connects to the PBOC TIPS system.

2018

Hang Seng China took the lead in cooperating with Hang Seng Qianhai Fund Management Co., Ltd. to launch the first one-to-many fund account product.
Hang Seng China announced the launch of Mobile Video Teller Machine, becoming the first foreign bank to launch this service.
Hang Seng China and China International Fund Management Co., Ltd. cooperated to launch a special plan for investing overseas for diversified asset allocation, becoming the only foreign bank in China to sell the fund.
Hang Seng China launched the "Heng Ji Yin" series of capital preservation investment products.
Hang Seng China Shanghai People's Square Sub-branch opened in September.
"Hang Seng HSBCnet Mobile APP” launched for commercial banking customers.

2017

Mobile Video Teller Machine System of Hang Seng China online.
Hang Seng China issued interbank certificates of deposit of CNY 500 Million.
Hang Seng China launched Virtual Account service.
Hang Seng China distributed Northbound funds of Hong Kong based on US Dollar.
Hang Seng China distributed the first Public Offered Fund of Hang Seng Qianhai Fund Management Company Limited.
The Global Liquidity and Cash Management System of Hang Seng China online.

2016

Hang Seng China launched Connect Center service.
Hang Seng China successfully issued cross-border interbank certificates of deposit in China (Shanghai) Pilot Free Trade Zone.
Hang Seng China distributed one of the first Northbound funds - Hang Seng China H-Share Index Fund.
Became the first foreign bank in Mainland China to cooperate with Tencent on WeChat Pay.

2015

Hang Seng China launched the ‘Wealth and Health’strategy, and announced the cooperation with Alltrust insurance to launch a range of premium global health plans and Bupa insurance products to customers through Hang Seng China branches in major cities.
Jinan Branch opens in April

2014
Cross-border Prestige Banking Service launched.
Debut offshore RMB bond issue in Hong Kong market.
Chengdu branch opens in February
2013
Launched the distribution of Investment Funds in Mainland China.
Became one of the first banks of cross-border RMB loan in Qianhai.
2012
Xiamen branch opens in March.
2011
Hang Seng China celebrates grand opening of new national headquarters at Hang Seng Bank Tower on 10 May in Lujiazui, Shanghai
2010
Hang Seng China unveils Hang Seng Bank Tower on 22 November in Lujiazui, Shanghai
  Following the extension of China's RMB cross-border trade settlement pilot program in June 2010, Hang Seng China promotes the business to 13 cities on Mainland
  Zhongshan sub-branch opens in March
  Foshan sub-branch opens in January, becoming its first cross-city sub-branch under CEPA VI
2009
CBRC approves Hang Seng's application to begin preparations for the set up of a “cross-city sub-branch” in Foshan in December
  Guangzhou Zhong Shan San Road sub-branch opens in December
  Hang Seng China signs the first regional bank policy with China Export and Credit Insurance Corporation to offer one-stop buyer credit protection and accounts receivable finance solution to commercial enterprises
  Hang Seng China launches cross border RMB trade settlement service in September
  Shenzhen Nanshan Overseas Chinese Town sub-branch opens in August
  Beijing Gongti North Road sub-branch opens in March
  Hang Seng China launches RMB Debit Card in January
2008
Kunming Branch opens in October
  Shenzhen training center commences operation in October
  Tianjin Branch opens in August
  Dongguan Chang’an sub-branch opens in March, becoming the first commercial banking sub-branch of Hang Seng China
Shenzhen Branch is relocated to Futian District, original premises converted to Luohu sub-branch
2007
Ningbo Branch opens in December
Hangzhou Branch opens in September
Hang Seng China obtains approval to offer comprehensive RMB services to local residents in mainland China
Hang Seng Bank (China) Limited ("Hang Seng China") opens
  CBRC approves the establishment of Hang Seng Bank (China) Limited - a Mainland subsidiary bank
2006
CBRC approves Hang Seng's application to begin preparations for the set up of a Mainland subsidiary bank.
Fuzhou branch launches insurance agency business
Guangzhou, Shanghai, Fuzhou and Shenzhen branches complete the required procedures and, following CBRC approval in December, launch RMB time deposit services to local citizens, with a minimum deposit amount of RMB 1 million
In December, Hang Seng launches its first QDII investment product, Currency-Linked - Daily Range Accrual, through its Mainland branches and sub-branches
Dongguan branch opens in October
Launch of Hang Seng HSBCnet service to all customers with a suite of cash management, trade and commercial banking services
The Bank obtains approval from the China Banking Regulatory Commission (CBRC) for a licence under the Qualified Domestic Institutional Investors (QDII) Scheme and receives approval from China's State Administration of Foreign Exchange for a foreign exchange conversion limit of US$300 million for providing overseas wealth management services
Convened a Board of Directors meeting in September in Shanghai, marking the first time in the Bank's history that such a meeting has been held in mainland China
Export factoring service is launched for corporate customers
Nanjing branch permitted to offer renminbi banking services to foreign passport holders, citizens of Hong Kong SAR, Macau SAR and Taiwan, foreign-invested enterprises and domestic enterprises; and expands foreign currency banking services to domestic enterprises and local residents
Guangzhou and Beijing branches launch insurance agency business
The Bank launches Equity-linked Capital Protected Investment Product - Range Accrual and Equity-linked Capital Protected Investment Product - Autocallable launched in August and September respectively
The Bank launches first Index-linked Capital Protected Investment Product linked to Hang Seng Index and Hang Seng China Enterprises Index in mainland China and renminbi-denominated Currency-linked Capital Protected Investment Product
Fuzhou branch offers renminbi banking services to foreign passport holders, citizens of Hong Kong SAR, Macau SAR and Taiwan, foreign-invested enterprises and domestic enterprises; and expands foreign currency banking services to domestic enterprises and local residents
The Bank launches offsite ATMs in Beijing, Shanghai and Guangzhou
  The Bank becomes the first foreign bank to receive approval to commence preparation work for a Dongguan branch
2005
Shenzhen and Shanghai branches launch insurance agency business
The Bank launches a renminbi forward foreign exchange contracts service at Shanghai, Guangzhou, Shenzhen and Fuzhou branches
Beijing representative office becomes a branch
Dongguan representative office opens
Fuzhou branch relocates to larger bank premises
  Hang Seng and Industrial Bank jointly establish a credit card centre in mainland China
2004
Industrial Bank launches its first international dual currency credit card bearing the Hang Seng logo
Fuzhou branch offers renminbi services to foreign passport holders; citizens of the Hong Kong SAR, Macau SAR and Taiwan; and foreign-invested enterprises
Shanghai, Guangzhou and Shenzhen branches offer renminbi banking services to domestic companies in mainland China
Shenzhen branch offers renminbi services to foreign passport holders; citizens of the Hong Kong SAR, Macau SAR and Taiwan; and foreign-invested enterprises
  The Bank acquires 15.98% of Industrial Bank's enlarged capital for a total consideration of RMB1,726 million (approximately HK$1,626 million) in cash
2003

Shanghai branch offers phone banking services to personal customers

 
Guangzhou branch offers renminbi services to foreign passport holders; citizens of the Hong Kong SAR, Macau SAR and Taiwan; and foreign-invested enterprises

The Bank launches Business e-Banking services in mainland China

Nanjing branch opens

 

Hang Seng Investment Management Ltd opens a representative office in Shenzhen

2002
The Bank launches Personal e-Banking services on the Mainland
Shanghai branch offers renminbi services to foreign passport holders; citizens of the Hong Kong SAR, Macau SAR and Taiwan; and foreign-invested enterprises
Shenzhen branch offers foreign currency banking services to Mainland residents and enterprises
  Guangzhou branch and Shanghai branch offer foreign currency banking services to mainland Chinese residents and enterprises
2001
Hang Seng Insurance Co Ltd opens a representative office in Shenzhen
  Fuzhou branch opens
1999
Shenzhen representative office becomes a branch
1998
Beijing representative office opens
1997
Shanghai representative office becomes a branch
1995
Guangzhou branch opens
1991
Shanghai representative office opens
1986
Xiamen representative office opens
1985
Shenzhen representative office opens


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