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Dispatches: AIG lowers AIA valuation

AIG has been forced to lower its valuation for the Hong Kong initial public offering of AIA, its Asian business, to secure a US$1bn commitment from the Kuwait Investment Authority and other cornerstone investors. (Financial Times)

Hong Kong regulators have issued a series of circulars in recent weeks reminding banks, brokers and administrators to prepare for the listing of renminbi securities on the Hong Kong stock exchange. (Financial Times)

Singapore’s stock exchange is considering continuous trading and will soon begin consultation with its stakeholders on such a move. (The Australian)

Samsung Securities Co., the biggest South Korean brokerage by cash deposited in accounts, hired Viktor Shvets to head its Asia research as it tries to strengthen regional research. (Bloomberg)

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