Concern over China's high debt levels as it could be recipe for another financial crisis

SINGAPORE’s Oversea-Chinese Banking Corp’s (OCBC) move to buy Hong Kong-based Wing Hang Bank further seals its enlarged footprint in Asia.

Not only will it help to bridge the gap between OCBC and DBS Bank, which had bought Hong Kong’s Dao Heng Bank for US$5.8bil (RM18.94bil) in 2001, but will also boost the offshore yuan business.