Hang Seng Bank : China Opens Cross-boundary Wealth Management Centre in the GBA to Meet Escalating Demand for Cross-boundary Financial Services (30 March 2023)

30 March 2023

Hang Seng China Opens Cross-boundary Wealth Management Centre in the GBA to Meet Escalating Demand for Cross-boundary Financial Services

Hang Seng Bank (China) Limited ('Hang Seng China'), a wholly owned subsidiary of Hang Seng Bank ('Hang Seng'), today (30 March 2023) opened its first Cross-boundary Wealth Management Centre. Located in the Greater Bay Area ('GBA') city of Guangzhou, the Centre marks a new milestone in the development of Hang Seng China's cross-boundary financial services.

Rannie Lee, Head of Wealth and Personal Banking at Hang Seng, said: "Hang Seng has extensive experience in wealth management and cross-boundary financial services. As demand for cross-boundary financial services in the GBA continues to grow, we will leverage our expertise and work more closely with Hang Seng China to better meet the diverse needs of our customers and help them seize investment and growth opportunities in the GBA."

Judy Qin, Deputy Chief Executive and Head of Wealth and Personal Banking at Hang Seng China, said: "Our new Cross-boundary Wealth Management Centre will benefit from Hang Seng's vast experience and expertise in Hong Kong and the mainland. With cross-boundary travel now fully resumed, Hang Seng China will continue to strengthen its cooperation with Hang Seng to develop innovative, efficient and personalised solutions for customers with cross-boundary financial needs."

With extensive experience in wealth management and cross-boundary financial services, Hang Seng and Hang Seng China are strong supporters of and active participants in the development of cross-boundary finance. To meet the escalating demand for cross-boundary wealth management services in the GBA, Hang Seng has put in place a specialist team of cross-boundary wealth management professionals and is establishing Cross-boundary Wealth Management Centres in Hong Kong and the mainland. Hang Seng customers enjoy seamless cross-boundary wealth management services through diversified online-to-offline channels, including communication with the Relationship Managers via Hang Seng's official WhatsApp and WeChat accounts (applicable to Prestige Private and Prestige Banking customers), as well as access to the latest banking and market information and expert advice, enabling them to make faster, better-informed financial decisions and grasp good investment opportunities throughout the GBA.

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Hang Seng China Opens Cross-boundary Wealth Management Centre in the GBA to Meet Escalating Demand for Cross-boundary Financial Services / 2

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Hang Seng China today (30 March 2023) opened its first Cross-boundary Wealth Management Centre. Located in the Greater Bay Area ('GBA') city of Guangzhou, the Centre marks a new milestone in the development of Hang Seng China's cross-boundary financial services.

Hang Seng China Opens Cross-boundary Wealth Management Centre in the GBA to Meet Escalating Demand for Cross-boundary Financial Services / 3

Hang Seng China Opens Cross-boundary Wealth Management Centre in the GBA to Meet Escalating Demand for Cross-boundary Financial Services / 4

About Hang Seng Bank

Hang Seng Bank is celebrating its 90th anniversary this year. Founded in 1933, Hang Seng Bank has continually innovated to provide best-in-class, customer-centric banking, investment and wealth management services for individuals and businesses. It is widely recognised as the leading domestic bank in Hong Kong, currently serving more than 3.5 million customers.

Combining its award-winning mobile app and strong digital capabilities with a vast network of over 260 service outlets in Hong Kong, Hang Seng offers a seamless omni-channel experience for customers to take care of their banking and financial needs anytime, anywhere.

Its wholly owned subsidiary, Hang Seng Bank (China) Limited, operates a strategic network of outlets in almost 20 major cities in Mainland China to serve a growing base of Mainland customers locally and those with cross-boundary banking needs. The Bank also operates branches in Macau and Singapore, and a representative office in Taipei.

As a homegrown financial institution, Hang Seng is closely tied to the Hong Kong community. It supports the community with a dedicated programme of social and environmental initiatives focused on future skills for the younger generation, sustainable finance and financial literacy, addressing climate change and caring for the community.

Hang Seng is a principal member of the HSBC Group, one of the world's largest banking and financial services organisations. More information on Hang Seng Bank is available atwww.hangseng.com.