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Daily Dispatches: Shanghai shouts about its financial ambitions

More noise from Shanghai about the city becoming an international finance centre by 2020. Shang Fulin, chairman of the China Banking Regulatory Commission, the banking sector regulator, has said that his organisation will continue to support Shanghai’s efforts. Speaking of the city’s “remarkable progress” in the finance sector, he said the number of banking institutions in the city had doubled since 2005. Words, however, won’t be enough for Shanghai to meet its financial-centre target: it needs to grow its talent pool if it’s going to match the clout of London, New York or Hong Kong.

Citigroup will put more resources into Singapore, India, Hong Kong and China as part of global overhaul. (Straits Times)

Investment banking turning to Southeast Asia. (WSJ)

Simmons & Simmons in Hong Kong has hired Dan Marjanovic, a banking partner, from rival law firm Norton Rose. (Finance Asia)

Two thirds of bankers in London think they were underpaid last year. Half think they were treated unfairly. (Telegraph)

Lessons in negotiation from KKR. (Forbes)

Banks push up Aussie market (Sydney Morning Herald)

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