恒生银行，将告别恒生指数

Core Viewpoint - Hang Seng Bank, listed for over 53 years, is set to be delisted as HSBC Holdings and Hang Seng Bank announced the approval of a privatization proposal, with significant shareholder support [1][7]. Group 1: Privatization Details - HSBC's privatization proposal for Hang Seng Bank was approved at a court meeting where 85.75% of voting rights supported the plan, while 14.25% opposed it [1][7]. - The special resolution at the shareholders' meeting received 97.30% approval, with 2.70% against [1][7]. - The expected delisting date for Hang Seng Bank shares from the Hong Kong Stock Exchange is January 27, 2026, with trading expected to cease on January 14, 2026 [1][7]. Group 2: Historical Context - Hang Seng Bank was founded on March 3, 1933, and was one of the major Chinese banks in Hong Kong, symbolizing growth and partnership with customers [2][8]. - HSBC acquired a controlling stake in Hang Seng Bank during a banking crisis in 1965, initially purchasing 51% for HKD 51 million, later increasing its stake to 62.14% [2][9]. Group 3: Financial Performance and Concerns - Hang Seng Bank reported a non-performing loan ratio of 6.69% for the first half of 2025, an increase of 1.37 percentage points from the same period in 2024 [4][10]. - As of June 2025, total impaired loans amounted to HKD 55 billion, with HKD 25.01 billion related to commercial real estate loans [4][10]. - HSBC clarified that the decision to privatize was based on strategic considerations and not directly related to the bank's bad debt situation [4][10]. Group 4: Future Operations and Independence - HSBC has committed to maintaining Hang Seng Bank's identity as an independent licensed bank, ensuring its governance, brand image, and market positioning remain intact post-privatization [4][10]. - Following the delisting, Hang Seng Bank will be removed from various indices, including the Hang Seng Index, effective January 15, 2026 [11].