Hang Seng Bank, a subsidiary of HSBC, jumped on Wednesday to its highest level in 12 months after brokers said the Hong Kong lender may consider paying a special dividend of more than HK$10 dollar per share to investors.
Shares of Hang Seng Bank rose 2.8 per cent to a 52-week high of HK$155.7, following its decision on Tuesday of selling up to 4.99 per cent of its 5.87 per cent stake in the Shanghai-listed Industrial Bank for 16.8 billion yuan.