Hang Seng Bank’s delisting from the index it created signals a shift

For generations of Hong Kong investors, Hang Seng Bank was never just a stock. It was a companion through decades of economic ascent, market turbulence and personal milestones. This is why the bank’s delisting on Tuesday after 53 years on the exchange has stirred something deeper than a routine corporate transaction would. It feels like the end of an era not because the numbers no longer add up but because the memories still do. Consider the irony of this moment. The Hang Seng Index, the city’s...