Hang Seng Bank
Coverage of Hang Seng Bank in the Nexus archive.
- HSBC sets aside US$1 billion for first share buy-back since October
HSBC, the top lender in Hong Kong, has resumed its share repurchase programme with a US$1 billion allocation over the next three months, its first since October. The bank paused buy-backs in October to conserve capital for its US$14 billion acquisition of Hang Seng Bank.
- As Hong Kong ages and life goes digital, Hang Seng’s Silver Academy helps seniors stay active, connected and confident
Hang Seng Bank has launched the Hang Seng Silver Academy to help seniors in Hong Kong adapt to a digital world, addressing challenges with technology while combating fraud. The initiative aims to keep older adults active, connected, and confident in navigating digital tools.
- Hong Kong banks sweeten mortgage rebates as competition heats up amid property rebound
Hong Kong banks are increasing mortgage cash rebates to their highest levels in over two years to attract homebuyers amid a property market rebound. Major lenders like Bank of China (Hong Kong), Hang Seng Bank, and HSBC have raised rebates to 1.4%, with some smaller banks offering up to 1.5%.
- China Stocks in Hong Kong Eye Bear Market on Spending Woes
China stocks in Hong Kong face a bear market due to spending concerns. The Hang Seng Index is declining, as shown on a screen at Hang Seng Bank headquarters in Hong Kong.
- Rich environments: Hong Kong banks pour money into wealth centres in pricey premises
HSBC Holdings, Hang Seng Bank, Standard Chartered Bank, and China Citic Bank International are expanding luxury wealth centers in Hong Kong to attract high-net-worth customers. HSBC recently opened its fifth center on the 58th floor of Two International Finance Centre, featuring 13,000 sq ft and 34 meeting rooms with harbor views.