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Banking

China Merchants back in with a shot at Wing Lung Bank deal

8 May 2008
China Merchants Bank (CMB) is now on Wing Lung Bank's list of preferred bidders after another candidate pulled out, the Wall Street Journal reported.  more...

BOC widens HK dollar-yuan spread more than seven times

8 May 2008
Bank of China, Hong Kong's only yuan clearing bank, raised transaction costs for conversions between the Hong Kong dollar and the yuan by more than seven times, Bloomberg reported.  more...

Deutsche Bank plans to expand in Hong Kong

7 May 2008
Deutsche Bank has announced plans to lease up to 18 floors in Hong Kong's new International Commerce Center, giving it capacity to nearly triple its staff there, the Wall Street Journal reported.  more...
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