Check out how rising interest rates will affect Hong Kong banks' profits

Hang Seng and HSBC will benefit the most.

Barclays Reserach finds that the earnings of Hang Seng Bank and HSBC would benefit the most from rising interest rates.

"However, our economics team does not expect the first US interest rake hike until “beyond 2014”, and therefore, we keep our estimates unchanged. Our top Hong Kong banks picks are HSBC, BOCHK and Wing Hang Bank."