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Dispatches: China Everbright in 18.9bn yuan IPO

China Everbright Bank Co will raise up to 18.9bn yuan (US$2.8bn) in the second-largest initial public offering this year in China. The bank finalised its offer price at 3.10 yuan, at the top of its price range of 2.85 yuan to 3.10 yuan apiece, the bank said in a statement to the Shanghai Stock Exchange yesterday. (Shanghai Daily)

China CITIC Bank said meeting the mainland regulator’s capital requirement in the second half could be challenging as its 26bn yuan (HK$29.76bn ) rights issue will not be launched until the first quarter of next year. (The Standard)

India has become the latest government to turn the screws on smartphone maker Research in Motion in the name of national security. On Thursday, officials told Indian telecommunications firms to open two secure BlackBerry services to surveillance by August 31 or face a possible ban on the services. (Wall Street Journal)

Advertised financial services jobs in Australia dropped 1.5 per cent in July, according to the Advantage Job Index. The latest Advantage Job Index Australian Market Report noted that the job market historically faltered during elections, but nonetheless financial services job advertisements were up 36.6 per cent since July last year. (Money Management)

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