Wing Hang Bank is the latest family owned lender in Hong Kong to say it has received a takeover approach, prompting talk of sector-wide consolidation.
The announcement follows news from Hong Kong’s smallest family-run lender Chong Hing Bank on August 7 that it too had attracted a suitor.
Part of the attraction, say MA bankers, is the potential to use the small Hong Kong banks as a launch pad for cross-border...