Hang Seng Bank steps up China growth


GUANGZHOU (China): Hang Seng Bank, Hong Kong’s third largest lender, is stepping up its mainland expansion as China prepares to open its banking sector to foreign competition, chief executive Raymond Or said. 

“We will run at full speed and focus on the Pearl River Delta and Yangtze River Delta regions,” he said in an interview, referring respectively to wealthy southern China and the Shanghai region. 

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