Foreign banks incorporated on the mainland recorded strong profits during the first half of this year, state media reported. HSBC's deposits and total assets on the mainland rose 50% and 26% respectively, while Hang Seng Bank's loans and deposits rose 50.4% and 93.9% and Standard Chartered doubled its business revenue to US$1.98 billion. Analysts said the strong performance is due to overseas banks' advantages in capital market business and attention to private banking and loans to small and medium-sized enterprises. Foreign banks' individual financing clients increased by 35% to nearly 60%.
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