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(From The Standard)
Byline: Sebastian Tong
Hemmed in by Hong Kong's dreary economic conditions, Hang Seng Bank is eyeing expansion along coastal and western China with help from its parent HSBC.
``We hope to grow our business in China's coastal cities,'' chief executive Vincent Cheng said yesterday. ``We will be interested if there are opportunities to expand in western China, though for now there are restrictions. ``So in the short-term, we will focus on the coastal cities including those in the Pearl River and the Yangtze River deltas.'' Speaking a day after the SAR's third-largest lender reported a 1.5 per cent drop in 2002 net profit to …