"banks registered and listed in Hong Kong in terms of market capitalisation. It is responsible for compiling, publishing and managing the Hang Seng Index and a range of other stock indexes, such as ""Hang Seng China Enterprises Index"", ""Hang Seng China AH Index Series"", ""Hang Seng China H-Financials Index"", ""Hang Seng Composite Index Series"", ""Hang Seng China A Industry Top Index"", ""Hang Seng Corporate Sustainability Index Series"" and ""Hang Seng Total Return Index Series"". Hang Seng in turn, despite being a public company, is held in majority by another listed international financial institution HSBC. Ho Sin Hang, chairman of the"
"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,"
"Cheang. 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"
"Hang Seng University of Hong Kong The Hang Seng University of Hong Kong (; HSUHK) is a self-financing university in Hong Kong located in Siu Lek Yuen, Sha Tin, New Territories. It was founded as Hang Seng Management College in 2010 by the Hang Seng School of Commerce and was granted university title in 2018. Hang Seng Management College (HSMC) was founded in 2010 by the Hang Seng School of Commerce, in response to Chief Executive Donald Tsang's statement in his 2009 policy address that the self-financing higher education sector had room for expansion and was an important component of"
"Hang Seng Bank Headquarters Building The Hang Seng Bank New Headquarters Building () is a skyscraper at No. 82-84 Des Voeux Road Central, Central, Hong Kong. It houses the headquarters of the Hang Seng Bank. 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 the price of $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"
"Shue Yan University. The Hang Seng University of Hong Kong consists of five schools. School of Business School of Communication School of Decision Sciences School of Humanities and Social Science School of Translation Hang Seng University of Hong Kong The Hang Seng University of Hong Kong (; HSUHK) is a self-financing university in Hong Kong located in Siu Lek Yuen, Sha Tin, New Territories. It was founded as Hang Seng Management College in 2010 by the Hang Seng School of Commerce and was granted university title in 2018. Hang Seng Management College (HSMC) was founded in 2010 by the Hang"
"in Hong Kong. It was reported in 2015 that Zimbabwe was involved in a legal dispute over the ownership of the property in Tai Po in which Bona Mugabe had stayed whilst a student in Hong Kong that had been acquired in June 2008 through a company controlled by Taiwanese-born South African businessman Hsieh Ping-sung for HK$40 million ($5.14 million) and transferred into his own name in 2010. The Mugabes allege that the villa belonged to the Zimbabwean government, while Hsieh, who was once a Mugabe confidant, claims there was no question that the house belonged to him. In December"
"Hang Seng School of Commerce Hang Seng School of Commerce (, abbreviation: HSSC) was a Hong Kong's leading business school. In 2010, the school was promoted to a private university-level institution (Hang Seng Management College). In 2018, Hang Seng Management College was granted university status and was renamed as Hang Seng University of Hong Kong. Hang Seng School of Commerce was founded in 1980 with funding from Hang Seng Bank, the S.H.Ho Foundation and several Hang Seng Bank directors. From 1980 to 2009, Hang Seng School of Commerce was a pioneering and leading provider of post-secondary programmes in business and"
"Hong Kong Hong Kong (; ), officially the Hong Kong Special Administrative Region of the People's Republic of China, is a special administrative region on the eastern side of the Pearl River estuary in southern China. With over 7.4 million people of various nationalities in a territory, Hong Kong is the world's fourth-most-densely-populated region. Hong Kong became a colony of the British Empire after Qing China ceded Hong Kong Island at the end of the First Opium War in 1842. The colony expanded to the Kowloon Peninsula in 1860 after the Second Opium War, and was further extended when Britain"
"Hong Kong stock market. Hang Seng Bank was listed on the Hong Kong Stock Exchange in 1972. In 1981, Hang Seng Bank was given permission to run branches in MTR stations. Hang Seng Bank began to extend its business to China in 1985, with the opening of a representative office in Shenzhen. 10 years later, Hang Seng Bank opened its first Chinese branch in Guangzhou. In 2002, Hang Seng Bank launched personal e-Banking in Mainland China. Hang Seng Bank opened its branch in Macau in 2003. In 2006, Hang Seng Bank received authorisation to get ready for the formation of"
"Hang Seng Bank in 1965 during a crisis of the latter. The Hang Seng Index for stock prices in Hong Kong is named after the Hang Seng Bank. In 2017, HSBC launched the PayMe brand and mobile app, which features as a social payment app in Hong Kong, available to all non-HSBC users. The Hongkong and Shanghai Banking Corporation maintains a network of around 600 offices in 20 countries in Asia Pacific, as well as owning of a number of HSBC banks operating in various countries and holding the group's stakes in further lenders, particularly in mainland China. HSBC started"
"the Hang Seng Bank's research department at the time. Together with his staff of seven employees, Kwan created the Hang Seng Index using input from economists, statisticians and government officials. The Index debuted in Hong Kong on November 24, 1969. The Hang Seng Index would benefit, or suffer, based on the political and economic fortunes of Hong Kong. The Index crashed in 1974 following the 1973 oil crisis, and again in 1983, during a political stalemate in negotiations between China and the United Kingdom over the future status of Hong Kong. The Index grew following the transfer of sovereignty over"
"Hang Seng Indexes Company Limited Hang Seng Indexes Company Limited (HSI) is a private company in Hong Kong and wholly owned by Hang Seng Bank. HSI was founded in 1984 and is the major provider of stock market indexes on Hong Kong and China stock markets. HSI produces stock market indexes under 5 categories: Currently, the HSI produced indexes comprises over 400 real-time and daily indexes. The most famous and popular referenced is the Hang Seng Index. In February, HSI launched the HSI Volatility index or ""VHSI"". This index models on the lines of the Chicago Board Options Exchange VIX"
"were occupied by the Japanese, but Hang Seng initially made substantial profits by facilitating the foreign exchange needs of the Republic of China. In December 1941, Hong Kong also fell to the Japanese and Hang Seng was forced to close. Ho moved to Macau, which, as a Portuguese colony, remained neutral throughout the war, and continued the business as Wing Wah Ngan Ho. After the surrender of Japan in 1945, Ho revived Hang Seng, which became a leader of Chinese-owned banks in Hong Kong. In 1952, Hang Seng Ngan Ho was incorporated and in 1959, was renamed Hang Seng Bank"
"related areas. The school offered programs in business and related subjects: Hang Seng School of Commerce Hang Seng School of Commerce (, abbreviation: HSSC) was a Hong Kong's leading business school. In 2010, the school was promoted to a private university-level institution (Hang Seng Management College). In 2018, Hang Seng Management College was granted university status and was renamed as Hang Seng University of Hong Kong. Hang Seng School of Commerce was founded in 1980 with funding from Hang Seng Bank, the S.H.Ho Foundation and several Hang Seng Bank directors. From 1980 to 2009, Hang Seng School of Commerce was"
"Hong Kong in 1997, when mainland Chinese markets were opened to Hong Kong business interests. Stanley Kwan retired from the banking industry and moved to Canada. He died in Toronto on December 31, 2011, at the age of 86. Stanley Kwan (banker) Stanley Shih Kuang Kwan (; January 10, 1925 – December 31, 2011) was a Hong Kong banker best known for creating the Hang Seng Index. The Hang Sang Index opened on November 24, 1969. Stanley S. K. Kwan was born in Hong Kong in 1925 into a traditional Chinese banking family. He attended King's College until the fall"
"Seng Index in 1969, served on the government's Statistics Advisory Board during 1976–84 and was awarded the MBE in 1985. He now lives in Toronto, Canada. Kwan creation, the Hang Seng Index, has been widely used to measure the health and growth of the Hong Kong Stock Exchange. In 2008, Kwan published his memoirs, ""The Dragon and the Crown: Hong Kong Memoirs"". In the book's foreword, written by Robert Neild, the President of the Hong Kong chapter of the Royal Asiatic Society, Neild calls the Hang Seng, ""the ultimate capitalist measure of Hong Kong."" As of 2012, the Hang Seng"
"they once had given increasing financial influence by mainland China. As Hong Kong’s financial markets are highly impacted by mainland China, the Renminbi exchange rate as well as China’s equity market remain is in a state of high volatility and continues to weigh on Hong Kong markets and the Hong Kong dollar. Hong Kong dollar The Hong Kong dollar (; sign: HK$; code: HKD) is the official currency of Hong Kong. It is subdivided into 100 cents. The Hong Kong Monetary Authority is the governmental currency board and also the ""de facto"" central bank for Hong Kong and the Hong"
"the Hong Kong consumer operations of GE Capital. An office tower, the Standard Chartered Bank Building, in Des Voeux Road, Central, Hong Kong is named after the bank. The building is now owned by Hang Lung Group. The Chairperson of the Board is Katherine Tsang, younger sister of former Chief Executive of Hong Kong, Donald Tsang, and formerly chairwoman for Greater China operations. She took up the top job on 1 January 2011, succeeding Chow Chung-Kong, who held the post from 2004. On 1 July 2004, Standard Chartered completed the local incorporation of its Hong Kong businesses, namely the Hong"
"Handover of Hong Kong The transfer of sovereignty over Hong Kong, commonly known as the handover of Hong Kong (or simply ""the Handover"", also ""the Return"" in mainland China) was the transition of control over the former British colony of Hong Kong from the United Kingdom to the People's Republic of China on 1 July 1997. The returned territory comprised Hong Kong Island and the Kowloon Peninsula, which were respectively ceded to Britain in 1842 and 1860, as well as the New Territories, which were leased for 99 years from 1898. The transfer was arranged to coincide with the expiration"
"Hang Seng Bank, conceived the idea of creating the Hang Seng Index as a ""Dow Jones Index for Hong Kong"". Along with Hang Seng Director Lee Quo-wei, he commissioned Hang Seng's head of Research Stanley Kwan to create the index, which debuted on November 24, 1969. When the Hang Seng Index was first published, its base of 100 points was set equivalent to the stocks' total value as of the market close on July 31, 1964. Its all-time low is 58.61 points, reached retroactively on August 31, 1967, after the base value was established but before the publication of the"
"8, 2010, and comprises 307 constituents (will become 306 from August 9, 2010). The market capitalisation of these companies accounts for about 95% of the total capitalisation of the stocks in Hong Kong. To ensure the impartiality of its operation, Hang Seng Indexes Company Limited established an Independent Advisory Committee to give advice on issues pertaining to the indexes, including constituent changes and the development of new indexes. Hang Seng Industry Classification System (formerly called Hang Seng Stock Classification System) is a comprehensive system designed for the Hong Kong stock market by Hang Seng Indexes Company Limited. It reflects the"
"which are either constituents of Hang Seng Composite Index or Hang Seng Foreign Companies Composite Index will be selected as constituents of the Hang Seng Global Composite Index. Hang Seng Global Composite Index Hang Seng Global Composite Index (HSGCI) is one of the Hong Kong stock market indexes produced by the Hang Seng Indexes Company Limited. HSGCI was launched on 5th of September 2011. It serves as a index that reflects the overall performance of all companies (including foreign companies) listed on the Stock Exchange of Hong Kong (""HKEX""). HSGCI is calculated on the price movement of listed securities in"
"Hang Lung Properties Hang Lung Properties, formerly Amoy Properties and currently parented by Hang Lung Group, is a Hong Kong real estate company. It is a member of Hang Seng Index Constituent Stocks (blue chip) and is headquartered in the Standard Chartered Bank Building in Central, Hong Kong. Hang Lung Properties Limited was incorporated in 1949 and was taken over by Hang Lung Group Limited in 1980. It became the property investment arm of Hang Lung Group Limited after the group re-organisation in 1987. The company is led by Ronnie Chan. In November 2010, the company said it was aiming"
"Hong Kong Stock Exchange The Stock Exchange of Hong Kong Limited, abb. SEHK, is Asia's third-largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and Shanghai Stock Exchange, and the sixth largest in the world before Euronext. As of 31 October 2016, SEHK had 1,955 listed companies, 989 of which are from mainland China (Red chip, H share and P chip), 856 from Hong Kong and 110 from other countries and region (e.g. Macau, Taiwan, Malaysia, United States, Singapore, etc.) Hong Kong Exchanges and Clearing owns SEHK and is itself listed on SEHK. It is the"
"Hong Kong dollar The Hong Kong dollar (; sign: HK$; code: HKD) is the official currency of Hong Kong. It is subdivided into 100 cents. The Hong Kong Monetary Authority is the governmental currency board and also the ""de facto"" central bank for Hong Kong and the Hong Kong dollar. Under the licence from the Hong Kong Monetary Authority, three commercial banks are licensed to issue their own banknotes for general circulation in Hong Kong. The three commercial banks, HSBC, Bank of China and Standard Chartered issue their own designs of banknotes in denominations of HK$20, HK$50, HK$100, HK$500 and"
"within the PRC. On 19 December 1984, the Sino-British Joint Declaration on the Question of Hong Kong (The Joint Declaration) was signed between the PRC and UK governments. Under this agreement, Hong Kong would cease to be a British Dependent Territory on 1 July 1997 and would thenceforth be a Special Administrative Region (SAR) of the PRC. Citizens opposed to the handover led to the first wave of emigration. Hong Kong's population topped five million just at the beginning of the 1980s, and rose at an annual average rate of 1.3% over the next ten years. The additional 700,000 residents"
"was put back on the table following protests by brokers. Webb criticised the board for caving in to vested interests. Hong Kong Stock Exchange The Stock Exchange of Hong Kong Limited, abb. SEHK, is Asia's third-largest stock exchange in terms of market capitalization behind the Tokyo Stock Exchange and Shanghai Stock Exchange, and the sixth largest in the world before Euronext. As of 31 October 2016, SEHK had 1,955 listed companies, 989 of which are from mainland China (Red chip, H share and P chip), 856 from Hong Kong and 110 from other countries and region (e.g. Macau, Taiwan, Malaysia,"
"obtained a 99-year lease of the New Territories in 1898. The territory was returned to China when the lease expired in 1997. As a special administrative region, Hong Kong's system of government is separate from that of mainland China. Originally a sparsely populated area of farming and fishing villages, the territory has become one of the world's most significant financial centres and commercial ports. It is the world's seventh-largest trading entity, and its legal tender (the Hong Kong dollar) is the world's 13th-most-traded currency. Although the city has one of the highest per capita incomes in the world, it has"
"district in Hong Kong. Bank of China (Hong Kong) has its head office in the Bank of China Tower. The Hongkong and Shanghai Banking Corporation, a subsidiary of HSBC, has its head office in the HSBC Main Building. Bank of East Asia and Hang Seng Bank have their head offices in Central. Before 1999, Cathay Pacific had its head office in the Swire House in Central. In 1999 the airline relocated its head office to Hong Kong International Airport. Nord Anglia Education, which operates international schools in various countries, has its head office in Central. Central, together with Tsim Sha"
"besides the history of the former colony that has made Hong Kong and China distinct from each other, as Cantonese and English are the most widely used languages in Hong Kong while Mandarin is the official language of China. The central government in Beijing maintains control over Hong Kong's foreign affairs as well as the legal interpretation of the Basic Law. The latter has led democracy advocates and some Hong Kong residents to argue that the territory has yet to achieve universal suffrage as promised by the Basic Law, leading to mass demonstrations in 2014. Deng Xiaoping proposed to apply"
"at the Hong Kong Public Records Building. Public Seal of Hong Kong The Public Seal of Hong Kong (), formally known as Public Seal of the Hong Kong Special Administrative Region is the seal for certifying government documents and legislations of Hong Kong. It is held by the Chief Executive. Prior to the transfer of sovereignty to China in 1997, it was known as the Public Seal of the Colony of Hong Kong, used to give authority to official documents and granting Royal Assent in Hong Kong. The Governor was the keeper of the seal. The Governor of the Crown"
"Wan, on 3 March 1933. In 1952, Hang Seng Bank became a private company and embarked on commercial banking. Hang Seng Bank turned into a public company in 1960. In 1965, Hang Seng Bank suffered from bank run of which depleted almost one-fourth of its deposits. Because of that, The Hongkong and Shanghai Banking Corporation (HSBC) acquired a 51% interest of Hang Seng Bank, later increased to 62.14%, and owned the controlling power of Hang Seng Bank. In 1969, the Hang Seng Index was introduced as a public service. The index is now generally known as the indicator of the"