Eyes of Hang Seng Bank growth in the Middle East

New partnerships will be launched in the Middle East by Hang Seng Bank and two of its subsidiaries, the Hong Kong-based bank said.

With the help of SAB Invest, the bank’s asset management division, Hang Seng Investment, will introduce a new feeder fund in Saudi Arabia that will entirely invest in the Tracker Fund of Hong Kong (TraHK).

HSB stated that Hang Seng Indexes Company will independently investigate partnerships in Saudi Arabia, utilizing its proficiency as an index compiler to generate prospects and improve communication between Hong Kong and Saudi Arabia.

The companies Hang Seng Investment and Hang Seng Indexes are under Hang Seng’s whole ownership.

In an effort to foster closer connections between Hong Kong and the Middle East, Hang Seng recently accompanied Paul Chan Mo-Po, Financial Secretary of the Government of the Hong Kong Special Administrative Region (HKSAR), on a trip from Saudi Arabia.