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Dispatches: Two Chinese banks set to reveal large jumps in profits

Bank of Communications is expected to report a 35.6 per cent rise in first-half net profit on Wednesday, according to three analysts polled by The Standard. Another mainland lender reporting this week – China Construction Bank – is tipped to post a net profit growth of 28 per cent. But the analysts say CCB can top its peers in the long term as it will benefit considerably from the yuan’s appreciation. (The Standard)

Agricultural Bank of China Ltd. boosted the size of its initial public offering to US$22.1bn after selling more stock in Shanghai, making it the world’s largest first-time share sale. (Bloomberg)

The value of domestic merger and acquisition activity within Australia and New Zealand has more than halved this year. ( The Australian)

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