Dispatches: Profits surge at China Development Bank

China Development Bank, a major Chinese bond issuer and creditor to international energy projects, said its net profit surged 53 per cent in 2009. (Wall Street Journal)

Morgan Stanley's head of mergers and acquisitions for Asia Pacific excluding Japan, Edward King, has left the US bank to join Barclays. (Wall Street Journal)

A small number of Chinese fund management houses are bringing their mainland research expertise to global clients and taking the first step in a broader international expansion plan by opening Hong Kong subsidiaries. (Financial Times)

Deloitte, one of the Big Four auditors in the world, has announced the launch of its Asia Pacific International Core of Excellence in Hong Kong, to provide international taxation services to Asia Pacific based companies investing abroad as well as multinational companies investing in the region. (China.org.cn)