HONG KONG - The Hang Seng Index closed at 21,207.55 on Tuesday, up 10.68 points or 0.05 per
Competition among China’s banks is set to rise as demand for cash management from local SMEs increases.

Shanghai-Based Stocks Rally Most in China on Asset Speculation (Bloomberg)
(Mar 9)
March 9 (Bloomberg) -- Shanghai Duolun Industry Co. led gains among companies based in China’s biggest commercial city on speculation the local government will allow asset injections into listed companies.
HSBC plans 3 new funds on mainland
(Dec 19)
Europe’s biggest bank HSBC Holdings Plc<5><HBC> is expecting to receive regulatory approval for its fourth fund operating in mainland China soon. The bank aims to start three new funds in the country next year,
BOA to cut stake in China Construction Bank
(Dec 19)
Bank of America (BOA), the largest U.S. bank in terms of market value, said it would cut its holdings in China Construction Bank (CCB)<601939><939>, one of China’s Big Four state-owned commercial banks