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Daily Dispatches: HSBC won't axe jobs in HK

HSBC says it has no plans to lay off staff in Hong Kong. The assurance comes one day after the lender said it was axing 1,700 employees in Britain. (The Standard)

Mike Smith, chief executive of ANZ, says the Australian bank hopes to complete further opportunistic acquisitions next year as struggling European and US financial services groups are forced to divest assets in Asia. (Financial Times)

China Pacific Insurance, China's third-largest life insurer, plans to carry out its planned Hong Kong listing by Christmas, the official China Securities Journal said on Thursday.

(Reuters)

A new service has been started in Singapore to help people with mental illnesses find jobs and keep them. (Asia One)

Westpac says Australian banks have escaped the worst of the financial crisis with bad debts poised to start falling away, but chief executive Gail Kelly warns that myriad challenges remain, with the industry facing a period of entrenched low growth. (Business Day)

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