The Zhitong Finance App learned that according to reports, Hang Seng Investment Management, a subsidiary of Hang Seng Bank, will be merged into HSBC's global investment management business. In response, a Hang Seng spokesperson said that HSBC's privatization of Hang Seng Bank reflects the Group's confidence and firm belief in Hong Kong's future growth. Hong Kong is one of the world's top three financial centers and a super contact between China and the world. Last year, it became the world's largest cross-border wealth management center.

The spokesperson stressed that the Group will retain Hang Seng as a bank with an independent license, with an independent governance structure, brand, unique customer positioning and branch network.

The spokesperson said that the Group will continue to serve Hong Kong through its two iconic brands, HSBC and Hang Seng. Combining its global network and understanding of the local market, the goal is to build a leading asset management business and rank among the top in the global asset management industry. In the future, it will focus on promoting collaboration between teams to unleash growth potential.

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