HSBC and its major Hong Kong subsidiary, Hang Seng Bank, plan to unify their employee benefits framework in Hong Kong starting January 1, 2027. This move aims to simplify benefits management for both banks, establish common standards, and promote career mobility within Hong Kong. Maggie Ng, CEO of HSBC Hong Kong, stated that most existing benefits would be improved or remain unchanged. Under the unified policy, HSBC employees will transition to a standardized sick leave scheme, accumulating monthly with a cap of 180 days; hospitalization coverage for executives and their families will also increase. This initiative follows HSBC's $14 billion acquisition of the remaining shares in Hang Seng Bank, targeting $900 billion in synergies by 2028.