Hong Kong and southern China’s financial systems look set to become more interwoven after the bid for Chong Hing, one of Hong Kong’s last independently run banks.
The firm plans to increase its headcount in China to more than 20,000 to meet the increasing demand for professional services in the fast-growing economy.
The Guangzhou-based developer will set aside about 25% of the offering for four cornerstone investors, including fellow property company Guangzhou R&F.