The resignations of Hang Seng Bank and Bank of East Asia's chief economists are not related to business adjustments.

Hang Seng Bank (0011) recently announced a layoff plan, including that of its Chief Economist and Head of Economic Research, Xue Junsheng. It is reported that Xue Junsheng has worked at the bank for 18 years and his decision to resign was due to family reasons rather than the bank's recent business adjustments.

Xue Junsheng's departure has attracted considerable attention due to his prominent position at Hang Seng Bank. As Head of Economic Research and Chief Economist, he played a key role in shaping the bank's economic policies and strategies. His departure will have significant repercussions for Hang Seng Bank's economic research department.

Xue Junsheng's reason for leaving

According to sources, Xue Junsheng decided to leave Hang Seng Bank for family reasons. While the bank recently underwent some business adjustments, Xue Junsheng's departure was unrelated to these adjustments. His main reason for this decision was his desire to spend more time with his family.

Impact on Hang Seng Bank

Xue Junsheng's departure will pose certain challenges to Hang Seng Bank's economic research department. As the department's head and chief economist, his departure will leave the department facing a talent shortage. Hang Seng Bank will need to find a suitable candidate as soon as possible to ensure the smooth operation of the economic research department.

Conclusion

Overall, while Xue Junsheng's departure has brought certain difficulties to Hang Seng Bank, it was his personal decision. We believe Hang Seng Bank will appropriately manage this change and continue to provide high-quality financial services to its customers.