Yue Xiu close to acquiring Chong Hing

Yue Xiu, an investment arm of Guangzhou's city government, is nearing an agreement to acquire Hong Kong lender Chong Hing Bank, according to three people with knowledge of the matter.

via Business feed http://www.scmp.com/business/banking-finance/article/1338329/yue-xiu-close-acquiring-chong-hing