HSBC’s takeover of Hang Seng Bank has been 60 years in the making. Chief executive Georges Elhedery wasn’t even born when the bank first took a stake in its Hong Kong-based rival. On Thursday he announced plans to buy full control of Hang Seng for $13.6bn. Investors were spooked by the news; they should instead take a similarly long-term view.
汇丰(HSBC)收购恒生银行(Hang Seng Bank)的筹划已长达60年。汇丰首次入股这家总部位于香港的竞争对手时，其首席执行官艾桥智(Georges Elhedery)还尚未出生。周四，艾桥智宣布计划以136亿美元收购恒生的全部控股权。消息一出令投资者受惊，但他们应当采取同样的长远视角。
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