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Dispatches: HSBC to hire 200 front-office staff in Hong Kong in next six months

HSBC has earmarked HK$75m to double the income it derives from local small and medium-sized enterprises by 2013. The lender will hire 200 frontline staff – mostly relationship managers – over the next six months to support a target addition of 5,700 clients each month. (The Standard)

China Investment Corp, the country’s main sovereign wealth fund, has established its first business unit outside mainland China in Hong Kong as it prepares to expand its in-house operations and take more direct control over its investments. (Financial Times)

Bank of China, the nation’s third-largest lender, said it plans to buy banks within the Association of Southeast Asian Nations (ASEAN) region to bolster its presence there, the official Shanghai Securities News reported on Thursday. (Reuters)

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