Citi aims to double-hat onshore till new JV partner found

Citi_230px
By Paolo Danese
13 Nov 2018

Citi is looking to strengthen its solo operations in China at the same time as seeking a new partner for a majority-owned securities joint venture, GlobalCapital Asia understands.

The bank's revenues in China hit just over $1bn overall last year, according to a source. This was helped by Citi’s capturing of additional licences for its operations, such as for bond settlement under Bond Connect and onshore corporate bond underwriting. The joint venture, however, remains quite a ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial