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Dispatches: End of the expat package?

The economy may be recovering fast from the recession, but companies here are still cautious about their bottom lines. And as a result, new expatriates are no longer offered the sort of packages their peers once enjoyed. According to headhunters BT spoke to, expat compensation packages have become more localised in content and structure. (Asia One)

Newbridge Capital, the Asian unit of US buyout firm TPG Capital, sold the remainder of its stake in Ping An Insurance yesterday for HK$9.07bn, immediately after the insurance giant announced its merger plan with Shenzhen Development Bank. (The Standard)

The Hong Kong branch of China Development Bank yesterday launched its second offshore yuan-denominated notes in two days. (The Standard)

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