The merger between HSBC Bank and Wing Hang Bank's Chinese network is now set to close in the second half of this year, following approval of the deal being granted by Chinese regulators. With the move, HSBC will become the 4th largest foreign-owned entity operating in China, behind OCBC, Bank of East Asia, and Standard Chartered.
The merger between OCBC Bank and Wing Hang Bank's Chinese network is now set to close in the second half of this year, following approval of the deal being granted by Chinese regulators. With the move, OCBC will become the 4th largest foreign-owned entity operating in China, behind HSBC, Bank of East Asia, and Standard Chartered.