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The Chinese government has said it wants companies to acquire top brands as a short cut to global success, a trend evidenced when automaker Geely bought Ford Motor Co's (F.N) Volvo car unit in 2010 -- and traceable back to 2004 when Lenovo Group Ltd (0992.HK) bought the personal computer business of IBM (IBM.N).
However there have been setbacks, most recently when Chinese interests failed to buy Swedish carmaker Saab (SWAN.AS).
At RBS, the bank is seeking buyers for its cash equities, equity capital markets and mergers and acquisition business globally, one source said,cheap kobe basketball shoes 2012 though the process was said to be in its very early stages.
Bank of China (3988.HK), RBS and Japanese bank Mizuho Financial (8411.T), also said to be interested, declined to comment.
Like other Chinese lenders, Bank of China, once partly owned by RBS, has been looking to expand its earning capabilities through fee and commission income. The bank has a Hong Kong-based investment arm, BOC International.
RBS Chief Executive Stephen Hester is halfway through a five-year turnaround plan, which has so far included the sale of certain retail operations. In 2009, RBS sold parts of its Asian retail and commercial banking business to Australia and New Zealand Banking Group Ltd (ANZ.AX).
Ferretti, which owns the Pershing, Riva and Ferretti brands, has already agreed a joint venture with Shandong Heavy with the aim of developing a partnership to design and sell motor yachts in greater China and other emerging markets.
The acquisition of the Italian group by its Chinese partner is expected to be signed on Tuesday in Jinan, capital of China's eastern Shandong province, sources said, with one adding: "The size of the deal is close to $500 million."
The sources declined to disclose exact terms of the deal.