Core subsidiary of Hang Seng Bank and HSBC group Good asset quality Sound capitalization Small market share Marginal profitability The ratings on Hang Seng Bank (China) Limited (Hang Seng China) primarily reflect the moderately risky banking environment in the People's Republic of China (A/Positive/A-1) and a challenging regulatory environment for asset and liability management. These risk factors are partly tempered by the benefit of being wholly owned by Hang Seng Bank Limited (Hang Seng; AA/Stable/A-1+), which is a core subsidiary of HSBC Bank PLC (AA-/Stable/A-1+). The long-term rating on Hang Seng China incorporates four notches of uplift from the standalone rating to reflect strong expected support if needed. The ratings also reflect the bank's good financial profile. Hang Seng China
