Hang Seng in Islamic finance drive


Hang Seng Bank, a Hong Kong-based subsidiary of HSBC, said in November it will begin marketing Islamic finance products. The bank's Hang Seng Islamic China Index Fund, to be run by Hang Seng Investment Management, has already received approval the Securities and Futures Commission, the local regulator.

The move follows the announcement by the Hong Kong government in October that it aims to promote the territory as a centre of Islamic finance. Donald Tsang, the chief executive of the Hong Kong Spe

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