Hang Seng Bank purchased

I added Hang Seng Bank to the private portfolio paying $97.10. The HSBC subsidiary stock offers an attractive dividend yield of 6.4% (although I expect this to decline a bit this year), pays dividends quarterly (which is unusual for Hong Kong companies), has very little exposure to sub-prime or other toxic products, is showing signs of benefiting from reduced asset impairment issues and is likely to benefit from growth opportunities in the PRC. Importantly, Hang Seng did not have to dilute its capital base in order to maintain a strong Tier 1 capital ratio (unlike its parent). The broker reports I have managed to track down have generally been positive and show valuations meaningfully above the current share price.