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Daily Dispatches: Citi targets the mass market

Citibank aims to double its income from its mass-market business in five years by attracting more middle-class customers in Hong Kong. (The Standard)

Abax Global Capital, a Hong Kong-based hedge fund manager backed by Morgan Stanley, plans to start a private equity fund in China that invests in companies making environmentally friendly products such as clean energy. (Bloomberg)

Lee Kuan Yew, Singapore's Minister Mentor, has warned Singaporeans of the dangers of closing the country's door to foreign talent. (Asia One)

China outpaced the US and the UK combined in commercial property sales in the first half of the year, according to Real Capital Analytics. (Bloomberg)

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