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Hang Seng Bank Limited
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, 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 (:zh:林炳炎, 林炳炎), Ho Sin Hang, Sheng Tsun Lin (:zh:盛春霖, 盛 ... [...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 List of fire stations in Hong Kong, 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, 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 ''Along the River During the Qingming Festival, A City of Cathay'', a famous Chinese scroll depicting townspeople going about their daily lives. The building replaced 77 Des Voeux Road Centr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Capitalisation
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is also used in ranking the relative size of stock exchanges, being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. The total capitalization of stock markets or eco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Run
A bank run or run on the bank occurs when many Client (business), clients withdraw their money from a bank, because they believe Bank failure, the bank may fail 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, insolvency, insolvent. 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 may acquire more cash from other banks or from the central bank, or limit the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sheung Wan
Sheung Wan (Chinese: 上環) is an List of places in Hong Kong, area in Hong Kong, located in the north-west of Hong Kong Island, between Central, Hong Kong, 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, Hong Kong, Victoria City. The site of the original occupation of Hong Kong Island by Military of the United Kingdom, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cantonese
Cantonese is the traditional prestige variety of Yue Chinese, a Sinitic language belonging to the Sino-Tibetan language family. It originated in the city of Guangzhou (formerly known as Canton) and its surrounding Pearl River Delta. While the term ''Cantonese'' specifically refers to the prestige variety, in linguistics it has often been used to refer to the entire Yue subgroup of Chinese, including related but partially mutually intelligible varieties like 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 Guangxi. It is also the dominant and co-official language of Hong Kong and Macau. Furthermore, Cantonese is widely spoken among overseas Chinese in ... [...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] |
Mainland China
"Mainland China", also referred to as "the Chinese mainland", is a Geopolitics, geopolitical term defined as the territory under direct administration of the People's Republic of China (PRC) in the aftermath of the Chinese Civil War. In addition to the geographical mainland, the geopolitical sense of the term includes islands such as Hainan, Chongming Island, Chongming, and Zhoushan. By convention, territories outside of mainland China include: * Special administrative regions of China, which are regarded as subdivisions of the country, but retain distinct administrative, judicial and economic systems from those on the mainland: ** Hong Kong, formerly a British Hong Kong, British colony ** Macau, formerly a Portuguese Macau, Portuguese colony * Taiwan, along with Penghu, Kinmen, Matsu Islands, Matsu and other minor islands, are collectively known as the Taiwan Area, where has been the major territorial base of the government of the Republic of China (ROC) since 1950. Though the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Banking
Private banking is a general description for banking, investment and other financial services provided by banks and financial institutions primarily serving high-net-worth individuals (HNWIs) – those with very high income or substantial assets. Private banking is presented by those who provide such services as an exclusive subset of wealth management services, provided to particularly affluent clients. The term "private" refers to customer service rendered on a more personal basis than in mass-market retail banking, usually provided via dedicated bank advisers. It has typically consisted of banking services (deposit taking and payments), discretionary asset management, brokerage, limited tax advisory services and some basic concierge services, typically offered through a gateway provided by a single designated relationship manager. History Banking originated in provision of some services of what is now seen as "private" banking. Early Venetian banks provided personal fin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Banking
A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with wholesale banking to corporations or large or middle-sized businesses, to differentiate from retail banks and investment banks. Commercial banks include private sector banks and public sector banks. However, central banks function differently from commercial banks, despite a common misconception known as the "bank analogy". Unlike commercial banks, central banks are not primarily focused on generating profits and cannot become insolvent in the same way as commercial banks in a fiat currency system. History The name ''bank'' derives from the Italian word ''banco'' 'desk/bench', used during the Italian Renaissance era by Florentine bankers, who used to carry out their transactions on a desk covered by a green tablecloth. However, traces of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
