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Hang Seng Bank China Opens New Branch In Guangdong

Hang Seng Bank China, a wholly owned subsidiary of Hong Kong-based Hang Seng Bank, has opened a new sub-branch in Zhongshan, Guangdong province.

The new Zhongshan sub-branch will offer comprehensive banking services for both business and personal customers. A full suite of financial solutions are available for different types of companies, while personal customers with one-stop wealth management services.

Dorothy Sit, vice-chairman and chief executive of Hang Seng Bank China, said: “Hang Seng is committed to long-term business development in mainland China. In 2009, Hang Seng China saw stable business growth with a 25.2% expansion in the number of mainland prestige banking accounts and a 10.9% increase in the number of mainland commercial customers. Hang Seng will continue to invest in its mainland operations and further enhance awareness of its brand in this important market to attract more customers.

”Benefiting from close business ties between Zhongshan and Hong Kong, Hang Seng China’s Zhongshan sub-branch not only provides greater convenience for the bank’s existing customers, but also boosts local demand for financial services which stimulate Zhongshan’s economic development.”