Daily Dispatches: Credit Suisse seeks to sublet part of Hong Kong office

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Credit Suisse Group is seeking to sublet as much as 64,000 square feet of office space in Hong Kong’s tallest skyscraper, as prime office vacancies rise in the city amid job cuts by global financial services companies. (Bloomberg)

Chinese financial institutions should become more international if Shanghai aims to become a global financial center, Vice Mayor Tu Guangshao said yesterday. (Shanghai Daily)

Goldman Sachs is raising around US$1bn from the sale of shares in China's biggest lender, Industrial & Commercial Bank of China, two people with direct knowledge of the matter said Monday, in what could be the biggest share sale in Asia, excluding Japan, so far this year. (Wall Street Journal)

Probes reveal banks' manipulation in Singapore’s offshore FX market. (Asian Banking & Finance)