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BANK OF EAST ASIA TARGETS 40PCT OF PROFITS FROM MAINLAND.
HONG KONG, Jan 1 Asia Pulse - Benefiting from deregulation of the financial market on the Chinese mainland, business on the mainland will contribute 30-40 per cent of the total profit of the Bank of East Asia in the coming five years, Dr. Hon David Li Kwok-po, chairman and chief executive of the bank predicted.
Profits from the mainland business accounted for some 11 per cent of the bank's total profit in 2005, and the proportion is predicted to rise to 20-25 per cent in ...
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