China Banking Regulatory Commission
The year, 2007 was significant to Hang Seng Bank. The China Banking Regulatory Commission (CBRC) authorised the formation of Hang Seng Bank (China) Limited, the mainland China subsidiary bank of Hang Seng Bank. Which was established on 28 May 2007. In November, Hang Seng Bank opened its new Hong Kong office at MegaBox, Kowloon Bay. Hang Seng Bank became the first bank in Hong Kong to fix the renminbi (RMB) prime rate in 2010.