Hong Kong Brokers Drive Cabs as Competition Forces Locals Out

Hong Kong Brokers Drive Cabs as Competition Forces Locals Out

Jerome Favre/Bloomberg

A taxi drives by the Bank of China Building, right, in Hong Kong. Commissions at Bank of China, the largest Hong Kong-based Chinese lender, have dropped to as low as 0.18 percent of the transaction value if trades are done via internet banking, according to its website.