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HSBC Elhedery: Hang Seng Bank Will Maintain Independent Operations
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Hang Seng Bank, though no longer being a listed company, will continue to uphold its traditions and embark on a new journey, HSBC HOLDINGS (00005.HK) CEO Georges Elhedery remarked. In an open letter to Hong Kong published in several newspapers, Elhedery noted that Hang Seng Bank's departure from the Hong Kong Stock Exchange marks a paramount moment for the market. However, Hang Seng Bank will maintain independent operations, with its own governance structure, brand, branch network, and customer positioning. By combining the traditions of both banks, including Hang Seng Bank's local roots and HSBC's global network, they will continue to create new opportunities for families, SMEs, entrepreneurs, and corporations, he noted. AASTOCKS Financial News Website: www.aastocks.com |
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