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Dispatches: Chinese banks urged to expand overseas

As the US Congress prepares to vote on the financial-overhaul bill, China’s financial regulators and top executives gathered over the weekend to celebrate the success of the country’s economic model and call for greater international engagement. (Wall Street Journal)

The G-20 has agreed to give banks more time to adopt tougher global rules in a concession that the body tasked with coordinating reforms said would both safeguard the recovery and ultimately lead to stronger banks. (Straits Times)

Singapore is pushing to become an Asian hub for derivatives clearing and to poach business from Europe and the US as regulation reshapes markets. (Financial Times)

Application for shares of Agricultural Bank of China via the internet is expected to account for 30 percent of the white-form subscription in its retail tranche, according to share registrar Computershare Hong Kong Investment Service (The Standard)

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