Hang Seng China gets nod to set up Xiamen branch

The lender’s Xiamen branch is the second in West Coast Economic Zone after one in Fuzhou.

Hang Seng Bank (China) Limited (‘Hang Seng China’) today announced that it has received approval from the China Banking Regulatory Commission to commence preparation work for establishing a branch in Xiamen, Fujian Province. 

The Xiamen branch will be the second branch set up by Hang Seng China in the West Coast Economic Zone, the first being Fuzhou branch.

Vice-Chairman and Chief Executive of Hang Seng Bank (China) Limited, Mrs Dorothy Sit, said: “The West Coast Economic Zone, linking the Yangtze River and Pearl River deltas, has an important role to play in China’s economic progress, according to a Hang Seng report.

“Strategically located, Xiamen is of great importance to the West Coast Economic Zone. Benefiting from increasing economic and trade exchanges in Fujian, the city’s financial services sector can anticipate continued progress and prosperity,” said Mrs Sit. “Confident about prospects for local as well as regional development, Hang Seng China is committed to bringing customer focused services to Xiamen.”