Hang Seng Bank (China) is set to open a new sub-branch in the Guangdong city of Foshan under ‘Supplement VI to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA VI)’, which facilitates economic, trade and financial cooperation between mainland China and Hong Kong.
The new sub-branch provides deposit services, loans, residential and commercial mortgages, trade services, remittance services, foreign exchange services, investment services and insurance agency services. The sub-branch also offers a prestige banking centre, providing one-stop services to meet personal customers’ financial needs.
Dorothy Sit, vice-chairman and chief executive of Hang Seng China, said: “We are delighted to be one of the first banks to open a cross-city sub-branch. CEPA VI provides Hong Kong banks with new possibilities and our business growth will benefit from this policy. We will continue exploring opportunities for setting up cross-city sub-branches in other cities in Guangdong.
“The opening of our Foshan sub-branch expands Hang Seng China’s outreach in the Pearl River Delta. We have taken the initiative to meet the demands of Foshan’s fast economic development. The new sub-branch will create synergies with other Hang Seng China outlets in Guangdong and offer professional and comprehensive banking services to personal and business customers.”
