BOC HK expected to shake off mini-bond saga

02 Sep 2009

Bank of China (Hong Kong) beat estimates for its first-half profit on the back of a resurgence in the Hong Kong and China stock markets. Observers are optimistic on the bank’s outlook for the rest of the year as it looks to put the Lehman Brothers mini-bond scandal behind it.

Analysts are confident that Bank of China (Hong Kong), the city’s third-largest lender, can shake off its troubles and begin to tap the growth of China businesses in Hong Kong.

In July, BOC Hong Kong, the local unit of Bank of China, offered to pay HK$3.11 billion (US$400 million) ...

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