Guangdong Development Bank finds potential investor

Henderson Land Development chairman, Lee Shau-kee, said he will consider using his privately held firms to lead a team of strategic investors in buying a stake in Guangdong Development Bank as the Chinese lender has been shopping for foreign investors, The Standard of Hong Kong reported. Singapore's DBS, Germany's Deutsche Bank, the Netherlands' ING Group and Ping An Insurance will bid for a stake in the southern bank, according to media reports.