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Hang Seng looks to hire 200 in China
By Zhang Fengming |
November 23, 2010, Tuesday
|
Print Edition
Print Edition
HANG Seng Bank (China) Ltd plans to hire up to 200 new staff next year to support its business expansion, its chief executive said yesterday.
"People tops our priority as we try to hire, train and retain talents," said Dorothy Kwan, vice chairman and chief executive of Hang Seng China.
Nurturing local professionals is a key for the bank's human resources development, she said.
Professionals from Hong Kong account for about 5 percent of Hang Seng China's headcount. Hang Seng China is a wholly-owned subsidiary of Hong Kong-based Hang Seng Bank.
The bank is confident of meeting the regulatory requirement of at most loan-to-deposit ratio of 75 percent before the end of next year, Kwan said, adding its loan-to-deposits ratio is less than 100 percent now.
The bank has agreed to pay 510 million yuan (US$77 million) to buy about 7,000 square meters of office and retail space, together with naming and signage rights, in Shanghai's Lujiazui business district of Pudong New Area as its local headquarters.
Margaret Leung, chairman of Hang Seng China, said the property purchase reinforces the bank's long-term commitment to the Chinese mainland.
The bank yesterday celebrated the naming of its local headquarters tower and expects to move into the tower in the first quarter of 2011.
Hang Seng China bought the property from affiliate HSBC Bank (China) Co Ltd. The two banks are both under the HSBC Group.
"People tops our priority as we try to hire, train and retain talents," said Dorothy Kwan, vice chairman and chief executive of Hang Seng China.
Nurturing local professionals is a key for the bank's human resources development, she said.
Professionals from Hong Kong account for about 5 percent of Hang Seng China's headcount. Hang Seng China is a wholly-owned subsidiary of Hong Kong-based Hang Seng Bank.
The bank is confident of meeting the regulatory requirement of at most loan-to-deposit ratio of 75 percent before the end of next year, Kwan said, adding its loan-to-deposits ratio is less than 100 percent now.
The bank has agreed to pay 510 million yuan (US$77 million) to buy about 7,000 square meters of office and retail space, together with naming and signage rights, in Shanghai's Lujiazui business district of Pudong New Area as its local headquarters.
Margaret Leung, chairman of Hang Seng China, said the property purchase reinforces the bank's long-term commitment to the Chinese mainland.
The bank yesterday celebrated the naming of its local headquarters tower and expects to move into the tower in the first quarter of 2011.
Hang Seng China bought the property from affiliate HSBC Bank (China) Co Ltd. The two banks are both under the HSBC Group.
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