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Daily Dispatches: Bank of China plans overseas growth

The chairman of Bank of China, one of the country’s biggest state-owned lenders, said he wants the bank to grow aggressively overseas but isn’t interested in acquisitions, a sign that China’s lenders remain wary of investing in foreign financial institutions. (Wall Street Journal)

A string of villages on the outskirts of Beijing has become the unlikely focus of a national discussion about China’s stubbornly tough job market for young people, as officials meet in the capital for the annual session of China’s legislature. (Wall Street Journal)

The Monetary Authority of Singapore has made seven new senior managerial appointments as part of an overhaul of its organisational structure. (Asia One)

China’s small companies are looking for opportunities away from AIM on Hong Kong and Singapore exchanges which offer higher volumes of share trading and higher valuations. (Financial Times)

UBS in Australia has wasted little time replacing some of the big-shots to defect recently. The Swiss-owned bank this week enticed Andrew Defina to leave Deutsche Bank, where he was one of the senior players in its capital markets division. (The Australian)

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