Hang Seng Bank Seeks Partner for Wealth Management in China
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Hang Seng Bank Ltd. is seeking a partner in China to offer wealth management services as it tries to expand in the world’s fastest-growing major economy without competing directly with local lenders.
Hang Seng Bank, the Hong Kong lender controlled by HSBC Holdings Plc, aims to get into strategic partnerships with companies in the insurance, asset management and securities industries, Dorothy Sit, chief executive officer for China, said yesterday in an interview in Hong Kong.