|
Hang Seng Bank
Hang Seng Bank Limited () is a Hong Kong-based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong's leading public companies in terms of market capitalisation and is part of the HSBC Group, which holds a majority equity interest in the bank. Hang Seng Bank is a commercial bank whose major business activities include retail banking, wealth management, commercial banking, treasury services, and private banking. Hang Seng Bank operates a network of around 260 service outlets in Hong Kong. It also has a wholly owned subsidiary in mainland China, Hang Seng Bank (China) Limited which has a network of 46 branches and sub branches. It established the Hang Seng Index as a public service in 1969 and this stock market index is now generally known as the primary indicator of the Hong Kong stock market. History In 1933, business partners Lam Bing Yim ( 林炳炎), Ho Sin Hang ( 何善衡), Sheng Tsun Lin ( 盛春霖), and Leung Chi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hang Seng Bank Headquarters Building
The Hang Seng Bank New Headquarters Building is a skyscraper at No. 83 Des Voeux Road Central, Central, Hong Kong. It houses the headquarters of the Hang Seng Bank. History The former Central Fire Station previously stood on the site. After the station was demolished, the land was sold on 29 May 1987 to Hang Seng Bank for $840 million. At $37,197 per square foot, the site was Hong Kong's most expensive when it was sold. The new bank headquarters was designed by Wong & Ouyang (HK) Ltd. It cost $1.84 billion and opened in 1991. The large retail bank at the bottom of the tower had counters extending more than 190 metres, with positions for more than 150 tellers. The main feature of this banking hall is a stainless steel etched mural based on '' A City of Cathay'', a famous Chinese scroll depicting townspeople going about their daily lives. The building replaced 77 Des Voeux Road Central as the headquarters of Hang Seng Bank, which in turn replaced an earlier headquarters at 163 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Management
Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals and families. It is a discipline which incorporates structuring and planning wealth to assist in growing, preserving, and protecting wealth, whilst passing it onto the family in a tax-efficient manner and in accordance with their wishes. Wealth management brings together tax planning, wealth protection, estate planning, succession planning, and family governance. Private wealth management Private wealth management is delivered to high-net-worth investors. Generally, this includes advice on the use of various estate planning vehicles, business-succession or stock-option planning, and the occasional use of hedging derivatives for large blocks of stock. Traditionally, the wealthiest retail clients of investment f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong Stock Exchange
The Stock Exchange of Hong Kong (SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. As of the end of 2020, it has 2,538 listed companies with a combined market capitalization of HK$47 trillion. It is reported as the fastest growing stock exchange in Asia. The stock exchange is owned (through its subsidiary Stock Exchange of Hong Kong Limited) by Hong Kong Exchanges and Clearing Limited (HKEX), a holding company that it also lists () and that in 2021 became world's largest bourse operator in terms of market capitalization, surpassing Chicago-based CME. The physical trading floor at Exchange Square was closed in October 2017. History The Hong Kong securities market can be traced back to 1866, but the stock market was formally set up in 1891, when the Association of Stockbrokers in Hong Kong was established. It was renamed as The Hong Kong Stock Exchange in 1914. By 1972, Hong Kong had four stock exchanges in operation. There were subsequen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Hongkong And Shanghai Banking Corporation
The Hongkong and Shanghai Banking Corporation Limited (), commonly known as HSBC (), was the parent entity of the multinational HSBC banking group until 1991, and is now its Hong Kong-based Asia-Pacific subsidiary. The largest bank in Hong Kong, HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar. The Hongkong and Shanghai Bank was established in British Hong Kong in 1865 and was incorporated as The Hongkong and Shanghai Banking Corporation in 1866, and has been based in Hong Kong (although now as a subsidiary) ever since. It was "The Hongkong and Shanghai Banking Corporation Limited" in 1989. It is the founding member of the HSBC group of banks and companies, and, since 1990, is the namesake and one of the leading subsidiaries of the London-based HSBC Holdings PLC. The company's busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent; they keep the cash or transfer it into other assets, such as government bonds, precious metals or gemstones. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheung Wan
Sheung Wan is an area in Hong Kong, located in the north-west of Hong Kong Island, between Central and Sai Ying Pun. Administratively, it is part of the Central and Western District. The name can be variously interpreted as ''Upper District'' (occupying relatively high ground compared to Central and Wan Chai), or ''Gateway District'' (perhaps a reference to the location where the British first entered and occupied Hong Kong). History Sheung Wan was one of the earliest settled places by the British, and belonged to the historical Victoria City. The site of the original occupation of Hong Kong Island by British forces in 1842 was at Possession Street, between Queen's Road Central and Hollywood Road. A plaque to this effect can be found in Hollywood Road Park at the top of Possession Street. The foot of Possession Street, Possession Point, was at that time on the shoreline, but is now several hundred yards inland due to reclamation. Geography Sheung Wan is surrounded by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cantonese
Cantonese ( zh, t=廣東話, s=广东话, first=t, cy=Gwóngdūng wá) is a language within the Chinese (Sinitic) branch of the Sino-Tibetan languages originating from the city of Guangzhou (historically known as Canton) and its surrounding area in Southeastern China. It is the traditional prestige variety of the Yue Chinese dialect group, which has over 80 million native speakers. While the term ''Cantonese'' specifically refers to the prestige variety, it is often used to refer to the entire Yue subgroup of Chinese, including related but largely mutually unintelligible languages and dialects such as Taishanese. Cantonese is viewed as a vital and inseparable part of the cultural identity for its native speakers across large swaths of Southeastern China, Hong Kong and Macau, as well as in overseas communities. In mainland China, it is the ''lingua franca'' of the province of Guangdong (being the majority language of the Pearl River Delta) and neighbouring areas such as Guang ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ngan Ho
Qianzhuang () were local independent Chinese banks in the early modern period, as distinguished from the nation-wide bank networks headquartered in Shanxi province called the "Shanxi banks" (票號, ''piaohao''). Also known by a variety of regional names, such as ''qiansi'' (錢肆), ''qianpu'' (錢鋪), ''yinhao'' (銀號), ''duihuan qianzhuang'' (兌換錢莊), ''qiandian'' (錢店), ''qianzhuo'' (錢桌), ''duidian'' (兌店), ''qianju'' (錢局), ''yinju'' (銀局), or ''yinpu'' (銀鋪) in Mandarin Chinese, and translated as ''money shops'', ''native banks'', ''private Chinese banks'', or ''old-style banks'' in English, ''qianzhuang'' banks first sprung up during the Ming dynasty but greatly expanded during the Qing dynasty. Unlike the Shanxi banks, the ''qianzhuang'' tended to have much more risky business practices. These institutions first appeared in the Yangzi Delta region, in Shanghai, Ningbo, and Shaoxing. The first ''qianzhuang'' can be traced to at least the mid- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
