Fubon sale seen on the cardsBusiness | Watson Tan and Samantha Wong Apr 21, 2017
Citibank estimated the deal to be worth up to NT$66.7 billion (HK$17.06 billion), earning Fubon Financial a net profit of NT$22.2 billion. Shares of Fubon Financial jumped 1.18 percent at the close yesterday.
The report also suggested the potential buyers include Chinese enterprises who wish to expand the market outside Asia and non-banking conglomerates who want to enter the mainland market.
Separately, Hang Seng Bank is to launch its AI machine-learning technology to analyze customers' speech in the second half of the year. Lifestyle chatbot and virtual assistant services will be provided. It will feature natural language processing and artificial neural network, with analysis of Hong Kong's unique colloquial vernacular, such as mixing both English and Cantonese in one conversation.