Chong Hing Bank raises capital for mainland push

Sebastian Paredes will retire in March and be replaced by DBS Taiwan CEO Ng Sier Han.

Hong Kong’s tepid growth is forcing its banks to rely ever more on China for profits. That may be the easy option — but they should look further afield.

Oman's second largest bank is looking to connect Middle East capital with mainland China and the rest of Asia.

The Hong Kong bank's Additional Tier 1 bond was 16x oversubscribed, but credit risk may rise due to recent takeover.

Wing Hang Bank is the second of four family controlled lenders to attract a takeover approach. M&A bankers and analysts calculate the likelihood of talk turning into deals.

Hidili prices its five-year bond with an 8.625% coupon after the deal is four times subscribed. Another deal that priced late last week was Ching Hong Bank which raised $225 million from a lower tier-2 transaction.