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Dispatches: Chinese bankers upbeat on economy

Chinese bankers have expressed the most confidence in the macro-economy and the banking industry in four years as they forecast cooler economic growth and an unchanged monetary policy in the rest of 2010, according to a central bank’s survey made public yesterday. (Shanghai Daily)

AIA has set October 29 for its planned US$15bn-plus share sale on the Hong Kong Stock Exchange, according to people familiar with the company. (Financial Times)

Fund managers are more bullish on equities this year than they were last year, says the latest HSBC Fund Managers Survey released yesterday – a finding that runs counter to a report by Bank of America-Merrill Lynch released just a day earlier. (Asia One)

ANZ is still in the due diligence process on South Korea’s Korea Exchange Bank, ANZ chief executive Mike Smith said on Tuesday. (Reuters)

Australia’s banks are confronting funding and liquidity issues. But they are well-placed to recover at least some of the extra cost, minimising the impact on profit margins. Investment bank Nomura Australia initiated coverage on the sector yesterday with a 180-page report that noted our banks had been rewarded with healthy multiples after emerging from the financial crisis in better shape than their peers. (The Australian)

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