The ratings on Hang Seng Bank (China) Limited primarily reflect the moderately risky banking environment in China (A+/Stable/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 (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 five notches of uplift from the standalone rating to reflect strong expected support if needed. On a stand-alone basis, the ratings also reflect the bank's good financial profile, as evidenced by its good asset quality and satisfactory capitalization. Hang Seng China is a core subsidiary of Hang Seng Bank, which itself is a core member
