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  • In a move that underlines the increased importance of China for international firms, Allen & Overy has strengthened its China practice, shifting lawyers from its Hong Kong to Beijing office.
  • Troy Doyle is set to lead Clifford Chance's restructuring practice in Singapore and south-east Asia. Doyle joins Clifford Chance from Blake Dawson Waldron in Sydney.
  • Hong Kong's capital markets are set for an increase in deal flow, as Beijing authorities allow individuals to buy securities directly for the first time.
  • Drew & Napier have announced the appointment of former partner Yeo Wee Kiong to its corporate and banking group in Singapore. Wee Kiong's team of corporate finance lawyers at Yeo Wee Kiong Law Corporation will also join him.
  • China Development Bank, a PRC policy bank, has launched the first offering of renminbi denominated bonds by a Chinese institution outside mainland China.
  • In a dispute that could signal an end to the recent boom in merger activity, Lone Star has withdrawn its offer for US mortgage lender Accredited
  • In a deal that excludes the target's subprime assets, Kaupthing is to acquire Dutch bank NIBC
  • Japan's regulator believes the relationship between hedge funds and banks is too close and is undermining the integrity of the country's stock markets
  • Chemical companies Akzo Nobel and Imperial Chemicals Industries (ICI) have agreed a merger.
  • In a development reminiscent of rival Goldman Sachs' GSTrue platform, other investment banks have set up their own private system