OTC Markets OTCPK - Delayed Quote • USD Hang Seng Bank Limited (HSNGY) Follow Compare 11.69 -0.06 (-0.51%) At close: January 10 at 3:50:57 PM EST All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Hang Seng Bank Unveils Newly Renovated Hong Kong Main Branch with the Debut of the Market-New 'Come to You' Service Concept Hang Seng Bank ('Hang Seng') today (18 November 2024) unveiled the newly renovated Hong Kong Main Branch in Central with the launch of Future Banking 2.0 – a bold transformation that seamlessly integrates cutting-edge technology with personalised customer service. The first phase of the Hang Seng Main Branch renovation, which includes the General Banking Hall on first floor and the Prestige Banking Centre on third floor was completed, signaling a new chapter for Hang Seng, where innovation, cust The Tracker Fund of Hong Kong Celebrates 25 Years of Strong Growth and Global Expansion The Tracker Fund of Hong Kong ('TraHK'), the first exchange-traded fund ('ETF') in the city, celebrated its 25th anniversary today (12 November 2024). Over 100 heavyweights gathered together to commemorate this milestone, together with the Honourable Paul Chan Mo-po, Financial Secretary of the Government of the Hong Kong Special Administrative Region; George Hongchoy, Chairman of the Supervisory Committee of TraHK; Diana Cesar, Executive Director and Chief Executive of Hang Seng Bank; and Rosita FII 2024: Hong Kong start-ups eye funding under new accord with Beta Lab of Saudi Arabia Hong Kong's main technology park operator and Saudi Arabia's start-up incubator have agreed to collaborate, giving fintech companies in the city access to financing from a Middle East fund to pursue their growth ambitions. Hong Kong Science and Technology Parks (HKSTP) and Beta Lab signed an agreement in Riyadh on Tuesday as the annual Future Investment Initiative (FII) summit kicked off in the Saudi capital. Financial Secretary Paul Chan Mo-po and Saudi Arabia's Minister of Investment Khalid bi HSBC reorganises to make Hong Kong a 'top strategic priority' in global banking business HSBC Holdings will reorganise its worldwide operations into four business units and two geographic areas, as one of the world's largest banks creates a structure that makes Hong Kong - the H in HSBC - the "top strategic priority" in its global network of 62 markets. Effective January 1, the bank's four business lines will be: Hong Kong, the UK, corporate and institutional banking, and wealth and premier banking. HSBC said it is pursuing the restructuring to achieve greater operational efficiency SVNLY or HSNGY: Which Is the Better Value Stock Right Now? SVNLY vs. HSNGY: Which Stock Is the Better Value Option? Hang Seng Survey: Breadwinner of a Hong Kong Family Manages Finances for an Average of 3 Family Members Hang Seng Bank ('Hang Seng') has recently conducted a family financial planning survey to understand the financial needs of Hong Kong people. Interviewing nearly 400 residents aged 30 or above with liquid assets of HKD 1 million or more, the survey results show that each breadwinner manages finances for an average of three family members, primarily spouses/partners (55%), parents/in-laws (55%), and children (48%). Conducted against the backdrop of increasing demand for managing wealth abroad amo Hang Seng Launches Its First-Ever Travel-Themed Credit Card Hang Seng Bank ('Hang Seng') has launched its Travel+ Visa Signature Card, the first travel-themed credit card designed to enrich both overseas and local spending experiences. This card offers an array of attractive rebates on foreign currency expenditures and local dining and transportation, redefining the rewards landscape for travel-savvy customers. Hang Seng Insurance Introduces FortuneLife Deferred Annuity Life Insurance Plan with Enhanced Benefit to Support Stable Retirement Hang Seng Insurance announced the launch of the enhanced version of the FortuneLife Deferred Annuity Life Insurance Plan ('FortuneLife'), a Qualifying Deferred Annuity Policy ('QDAP'). This updated plan features a projected Total Internal Rate of Returns ('IRR') ranging from 3.79% to 4.35% for HKD and USD policies, and from 2.60% to 3.19% for RMB policy, designed to help individuals secure a stable passive income for a comfortable retirement. Hang Seng Introduces the New PayDay+: Enjoy up to 6% p.a. HKD Savings Rate on Payroll Service Transfers Hang Seng Bank ('Hang Seng') introduces the new PayDay+, offering an exceptional Hong Kong Dollar ('HKD') savings rate of up to 6% p.a. for customers who transfer their payroll accounts to the Bank. This exclusive service is further enhanced with special offers in travel, insurance, and investment for both customers who are new to the Bank's payroll accounts and existing customers, tailored to meet the diverse needs of hardworking individuals. Hang Seng Bank Ltd's Dividend Analysis Hang Seng Bank Ltd (HSNGY) recently announced a dividend of $0.41 per share, payable on 2024-04-01, with the ex-dividend date set for 2024-03-05. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Hang Seng Bank Ltd's dividend performance and assess its sustainability. Hang Seng Bank Ltd. (HSNGY) Moves to Buy: Rationale Behind the Upgrade Hang Seng Bank Ltd. (HSNGY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term. GBA at 5: HSBC, Bank of East Asia among Hong Kong lenders cranking up Qianhai presence with eye on growth opportunities Major Hong Kong lenders are eyeing expansion in the Greater Bay Area's Qianhai special economic zone. Qianhai was created in 2009 next to Shenzhen and is only about an hour by car from Hong Kong city centre. Last February, policymakers in Beijing rolled out a package of 30 measures to connect Qianhai with Hong Kong's capital market at a high level by 2025, and to build a financial system on par with international standards by 2035. HSBC, the biggest of Hong Kong's three note-issuing banks, wil Hang Seng Research Underlines the Need for Sandwich Generation to Grow Their Retirement Funds Hong Kong's 'Sandwich Generation' – those supporting both elders and children – is known for its disciplined approach to saving for the future. A recent Hang Seng Bank ('Hang Seng') survey revealed that this group is concerned about their retirement, with a majority yet to save half of their retirement funds. While respondents' ideal retirement age is around 60, more than half face a shortfall of 50% or more from their retirement fund target. Performance Overview Trailing total returns as of 1/10/2025, which may include dividends or other distributions. Benchmark is HANG SENG INDEX Return HSNGY HANG SENG INDEX YTD -3.39% -4.88% 1-Year +13.96% +17.75% 3-Year -30.10% -18.85%