Core Viewpoint - Hang Seng Bank has appointed Lin Huihong as the new CEO and Executive Director, effective October 20, 2023, following the retirement of former CEO She Yingyin [1][2] Group 1: Leadership Changes - Lin Huihong will serve as the CEO and Executive Director until the conclusion of the 2026 Annual General Meeting, with a fixed annual salary of HKD 8.5 million and performance-based bonuses [2] - She Yingyin has officially retired and will return to HSBC Holdings as the Vice Chairman for Hong Kong, providing advisory support [1][2] Group 2: Lin Huihong's Background - Lin Huihong, aged 51, has 26 years of banking experience, having joined HSBC Singapore in 1999 and held various senior positions across multiple countries [2][4] - She has served as the Chief Operating Officer for Hong Kong since 2017 and has held the position of Acting CEO since September 2021 [4] Group 3: Financial Performance - Hang Seng Bank reported a profit attributable to shareholders of HKD 6.88 billion for the first half of 2025, a decline of 31.5% year-on-year, primarily due to increased provisions for credit losses in the real estate sector [5] - The bank's non-performing loan ratio rose to 6.69%, with total impaired loans reaching HKD 55 billion, indicating accumulating credit risks [5] Group 4: Privatization Plans - HSBC's wholly-owned subsidiary, HSBC Asia Pacific, has requested Hang Seng Bank's board to propose a privatization plan, with HSBC Asia Pacific holding 63.3381% of shares prior to the transaction [5][6] - The proposed plan includes a cash offer of HKD 155 per share for the privatization, with a total valuation of HKD 290.3 billion for all issued shares [6]