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Daily Dispatches: Moody’s rates HK in top-four best banking systems

The banking systems in Singapore and Hong Kong have emerged from the global financial crisis as two of the top four in the world, along with Canada and Australia, according to ratings agency Moody’s. (Asia One)

The Industrial Bank of Korea is stepping up efforts to expand into overseas markets such as China, Indonesia and Vietnam as the South Korean state-run lender looks to become a regional player in corporate banking. (Financial Times)

Samsung Life, South Korea’s biggest life insurer, has raised $4.4bn in the country’s largest initial public offering. (Financial Times)

Domestic insurers in China are expected to have more than doubled their net income in the first quarter of this year on a yearly basis as the economy strengthened, according to the China Insurance Regulatory Commission. (China.org.cn)

The banker at the center of Fujitsu’s public feud with its former president has a résumé to rival nearly anyone in Japan’s financial sector: degrees from prestigious universities-Waseda and Oxford-and impressive achievements as former head of mergers and acquisitions in Japan for UBS and Credit Suisse First Boston. (Wall Street Journal)

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