With values up, family-owned Hong Kong banks may sell

09/23/2013 | Bloomberg

With their values fully recovered since the onset of the financial crisis, some of the last remaining family-owned banks in Hong Kong may be nearing a decision to sell. Now is also an opportune time as "buyers are eyeing the banking license in Hong Kong. They are looking for growth opportunities in the offshore yuan business and cross-border trade flows," observed Frank Yuen, a BNP analyst in Hong Kong.

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