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Seng Heng Bank

History and Acquisition by Industrial and Commercial Bank of China

Palgrave Macmillan
  • Provides a case study of a bank's attempts to diversify its business to cope with the economic changes
  • Discovers how a bank in Macau became a platform for improving the economic ties between Portugal, Macao and China
  • Explores how cross-border integration in the era of 'One Country, Two Systems' played out in practice in Macau

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-xviii
  2. Introduction

    • Patrick W. M. Huen, Jean Jinghan Chen, Ming-Hua Liu
    Pages 1-8
  3. Macao’s Economy and Banking Industry

    • Patrick W. M. Huen, Jean Jinghan Chen, Ming-Hua Liu
    Pages 9-22
  4. Seng Heng Bank (1972–2007)

    • Patrick W. M. Huen, Jean Jinghan Chen, Ming-Hua Liu
    Pages 23-56
  5. ICBC

    • Patrick W. M. Huen, Jean Jinghan Chen, Ming-Hua Liu
    Pages 57-70
  6. Acquisition of Seng Heng Bank by ICBC

    • Patrick W. M. Huen, Jean Jinghan Chen, Ming-Hua Liu
    Pages 71-89
  7. Conclusions

    • Patrick W. M. Huen, Jean Jinghan Chen, Ming-Hua Liu
    Pages 91-98
  8. Back Matter

    Pages 99-106

About this book

This book examines the success story of Seng Heng Bank (SHB), the successful acquisition of SHB by Industrial and Commercial Bank of China (ICBC), and the continuing sound management and performance of ICBC (Macau). It shows how a loss-making small bank grew into one of the best banks in Macao and highlights the achievement, awards, and recognition of SHB. The authors detail the SHB acquisition process by ICBC, the biggest bank in the world in terms of total assets. They identify the main contributing factors for the success of SHB and draw conclusions and implications for bank managers in the region and beyond. This book will be of interest to finance professionals and business scholars.

Authors and Affiliations

  • Industrial and Commercial Bank of China (Macau) Limited, Macao, China

    Patrick W.M. Huen

  • University of Macau, Macao, China

    Jean Jinghan Chen, Ming-Hua Liu

About the authors

Mr Patrick W.M. Huen is Vice-Chairman and Executive Director of ICBC (Macau) and was CEO of Seng Heng Bank before its acquisition by ICBC. He is also 2nd Vice Chair of the University Council of University of Macau and Chairman of the Board of Directors of Dr. Stanley Ho Medical Development Foundation.

Dr Jean Jinghan Chen is a Chair Professor in Accounting and Finance and the Dean of Faculty of Business Administration at the University of Macau. She held a Chair Professor in the University of Surrey and the University of Southampton, the UK., and has published over 100 articles in leading international academic journals and several books.

Dr Ming-Hua Liu is an associate professor of finance at University of Macau. He had taught at Nanyang Technological University, Singapore and AUT University, New Zealand before. He was an assistant vice president of DBS Bank in Singapore. He has received awards in teaching, research and services.


Bibliographic Information

  • Book Title: Seng Heng Bank

  • Book Subtitle: History and Acquisition by Industrial and Commercial Bank of China

  • Authors: Patrick W.M. Huen, Jean Jinghan Chen, Ming-Hua Liu

  • DOI: https://doi.org/10.1007/978-981-16-0398-3

  • Publisher: Palgrave Macmillan Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021

  • Hardcover ISBN: 978-981-16-0397-6Published: 08 April 2021

  • eBook ISBN: 978-981-16-0398-3Published: 07 April 2021

  • Edition Number: 1

  • Number of Pages: XVIII, 106

  • Number of Illustrations: 22 b/w illustrations

  • Topics: Banking, Asian Economics, Business Finance

Buy it now

Buying options

eBook USD 54.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book USD 69.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access