---
title: "Aiqiao Intelligence: In the next three years, $600 million will be used to support Hang Seng's development"
description: "After HSBC Holdings completed the privatization of Hang Seng Bank, Group CEO Noel Quinn stated that it will use USD 600 million to support the development of Hang Seng, including employee training and"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/277391607.md"
published_at: "2026-03-02T02:09:02.000Z"
---

# Aiqiao Intelligence: In the next three years, $600 million will be used to support Hang Seng's development

> After HSBC Holdings completed the privatization of Hang Seng Bank, Group CEO Noel Quinn stated that it will use USD 600 million to support the development of Hang Seng, including employee training and system integration. Quinn emphasized that there is no intention to lay off employees and plans to break the restrictions between the two banks to provide employment opportunities for Hang Seng employees within HSBC's overseas network. In addition, he did not comment on the stablecoin application, stating that if there is a suitable regulatory environment, the group hopes to participate in related innovative payment methods

HSBC Holdings Plc (00005.HK) has completed the privatization of Hang Seng Bank and is keen on integration, aiming to create synergies. Group CEO Noel Quinn stated that in addition to unifying the systems of the two banks, there is no intention to lay off employees, and the group will invest USD 600 million over the next three years to support Hang Seng's development, with a significant portion of resources allocated to assist Hang Seng employees in upgrading their training.

He mentioned that in the future, the restrictions between the two banks could be broken, allowing Hang Seng employees to apply for positions at HSBC or be reassigned, providing employment opportunities within the group's overseas network.

Additionally, HSBC CEO Noel Quinn stated that he would not comment on whether the bank has submitted a stablecoin application, pending the announcement from the Monetary Authority. However, he indicated that if a suitable and stable regulatory environment for stablecoins exists, the group hopes to participate, just like with other innovative payment methods, and will seriously examine the feasibility

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- [00005.HK - HSBC HOLDINGS](https://longbridge.com/en/quote/00005.HK.md)
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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.