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PRESS DIGEST - Hong Kong - July 19

www.reuters.com
[Reuters] - Hong Kong's Wing Lung Bank said they have accepted two applications, and will issue the first annuity payments in two weeks. For Taiwan newspapers, see (Reporting by Xavier Ng, Zoey Zhang and Viola Ho; Editing by Ken Wills)

Google News: Reverse mortgage loan scheme begins

[China Daily] - Wing Lung Bank, Bank of China (Hong Kong), Nanyang Commercial Bank and Bank of East Asia started receiving applications for the scheme on Monday while Bank of Communications Hong Kong Branch, Standard Chartered Bank (Hong Kong) and Wing Hang Bank will

Google News: BONDS: China ITS hires DBS/Wing Lung for Dim Sum bond

[International Financing Review] - China ITS (Holding), a transportation infrastructure technology solutions and services provider in the PRC, has hired DBS and Wing Lung Bank as joint bookrunners for a debut benchmark-sized renminbi-denominated Reg S senior bond.

Google News: Reaching across border

[China Daily] - It bought a controlling stake of 53 percent in Wing Lung Bank for 17 billion yuan in in the largest acquisition ever of a local bank by a mainland bank. Merchants has been doing well but it's still leagues away from being a major player in Hong
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