英文

[ET Net News Agency, 2 October 2013] Deutsche Bank said it expects the announcement of Shanghai Free Trade Zone (SFTZ) to have limited impact to the HK banking system in near term as its key advantage of a strong USD deposit base (due to pegged system) will continue to hold, while the SFTZ also opens up opportunities for HK banks.mini storageIn addition, SFTZ's continued development may promote cross-border financing and potentially lead to more RMB loans deployment channels for HK banks in the long run.M&A will co迷你倉tinue to drive the share prices in the sector in the near term as operating fundamentals lack positive re-rating catalysts. Given HK's strong USD funding base, the research house believes Chinese/foreign banks will continue to have interest and expand their presence in HK (enabling them to provide cheaper financing costs for corporate). Theinterest of Chinese/foreign banks in HK banks may continue to provide share price support for mid-size local banks (WHB, DSB/DSF) that could be potential M&A targets. (HL)文件倉