Singapore's United Overseas Bank and Australia & New Zealand Banking Group are believed to be considering a bid for Hong Kong's Wing Hang Bank, media reports say.

Singapore's United Overseas Bank and Australia & New Zealand Banking Group are believed to be considering a bid for Hong Kong's Wing Hang Bank, according to the South China Morning Post.

Wing Hang, which has a market capitalisation of $4.7 billion, said in September that its controlling shareholders had received preliminary offers from independent third parties to purchase their shares in the bank, but it did not name the bidders.

ANZ and UOB were among the companies considering bids for the Hong Kong lender, the newspaper quoted the unnamed sources as saying. The Wall Street Journal also quoted unnamed sources saying UOB and ANZ had shown interest in the firm.

Wing Hang Bank is the second family-run Hong Kong lender to receive a takeover offer since August. Chong Hing Bank said it had received offers from multiple parties, but has not named them.

A UOB spokesperson was quoted saying that the bank would not comment on such speculation.