Hypo believes the China hype
Hypo Real Estate Bank International opens its Hong Kong branch, aiming to lend to the Chinese property market.
Not deterred by official clampdowns on lending to Chinese property projects, Hypo Real Estate Bank International opened its first Hong Kong branch this week, having received its restricted wholesale banking license. The branch is being run by Gerhard Hinterhauaser with 22 other staff. Hong Kong is the second Asian branch to be opened this year, after the bank opened an office in Tokyo in July.
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