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Citi Agrees to Sell Onshore Consumer Wealth Portfolio in China to HSBC monitordaily.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from monitordaily.com Daily Mail and Mail on Sunday newspapers.
HSBC announces acquisition of Citi China's consumer wealth business chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Citigroup will sell its onshore consumer wealth portfolio in China to HSBC Holdings as the U.S. bank continues to leave consumer banking across parts of Asia.
Citi indicates that it has executed the first tranche of northbound trades with offshore investors through Swap Connect, the trading link for interest rate swap contracts between Hong Kong and the Chinese mainland ....
Despite rising external uncertainties, multinational companies remain committed to China as they plan to expand their local footprint and investment, and are impressed by the nation's latest commitment to high-standard opening-up and high-quality economic development, global business leaders said. ....