Word: heng
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Dates: during 1960-1969
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Mutual Aid. The bank's new direction was set by current Chairman S. H. (for Sieng Heng) Ho, 62. Spotting the success Western banks were having by talking about "your friendly banker." Ho began to woo the small savers who had been overlooked by the older banks in Hong Kong. Like Tammany ward heelers in the 1870s, Hang Seng men greeted incoming refugees, helped to straighten out their visa and legal problems and to find them homes. Today, Hang Seng sometimes seems to be one big Chinese mutual aid society devoted to sending mourners to its clients' funerals...