Hang Seng Bank’s delisting from the index it created signals a shift

AI Summary
Hang Seng Bank, a Hong Kong financial institution, was delisted from the Hang Seng Index after 53 years. Founded in 1933, the bank played a significant role in Hong Kong's economic development and was listed on the stock exchange in 1972. HSBC, which became a majority shareholder after a banking panic in 1965, privatized Hang Seng Bank with an offer of HK$155 per share. The delisting marks the end of an era for many Hong Kong investors who viewed the bank as a symbol of the city's financial history. The Hang Seng Index, which the bank created, will now exist without Hang Seng Bank as a component.
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