None
EN
Hang Seng Bank’s delisting from the index it created signals a shift
['Ken Ip']
News - South China Morning Post
For generations of Hong Kong investors, Hang Seng Bank was never just a stock.
The Hang Seng Index , the city’s undisputed financial barometer, now no longer contains Hang Seng Bank.
Founded in 1933 as a modest money-changing business in Sheung Wan, Hang Seng Bank grew alongside the city’s improbable rise.
In 1965, a banking panic triggered a run on deposits, and Hang Seng Bank lost a sixth of its holdings in a single day.
For many customers, walking into a Hang Seng branch felt like coming home.