 It established the Hang Seng Index as a public service in 1969 and this stock market index is now generally known as the primary indicator of the Hong Kong stock market.In 1933, business partners Lam Bing Yim (), Ho Sin Hang (), Sheng Tsun Lin (), and Leung Chik Wai () founded Hang Seng Ngan Ho, the predecessor of Hang Seng Bank, in Hong Kong.Hang Seng means "ever-growing" in Cantonese.