BOC Hong Kong Holdings Ltd. (SEHK:2388) is looking at divesting Nanyang Commercial Bank Ltd. (NCB) in a sale expected to fetch about $6 billion, people familiar with the matter said. A sale of NCB will help streamline Bank of China Ltd's operations in the China, the people said. One potential buyer keen to acquire NCB is China Cinda Asset Management Co., Ltd. (SEHK:1359), the people said.

China Cinda has been keen to acquire a bank, one of the people said. The sale could also attract interest from other Chinese state-backed financial institutions and some private enterprises, the people said.