Citi turns to China Inc.’s global expansion, yuan to grow cross-border business

Citi Expands Focus on Chinese Companies Going Global to Boost International Banking Business

Citigroup is stepping up efforts to serve Chinese companies expanding into overseas markets, targeting growth in foreign-exchange and cross-border banking services while supporting the yuan’s ... The post Citi Expands Focus on Chinese Companies Going Global to Boost International Banking Business first appeared on [your]NEWS.

Citi turns to China Inc.’s global expansion, yuan to grow cross-border business

By Samuel Shen and Engen Tham SHANGHAI, Nov 12 (Reuters) - Citi is aiming to ride Chinese businesses' global growth and the expanding use of the yuan around the world to boost its currency trading and cross-border businesses, senior executives said. Th...

Citi Targets Chinese Global Expansion and Rising Yuan Use to Grow Currency Business

Citi is seeking to expand its foreign exchange and cross-border banking businesses by capitalizing on the international growth of Chinese companies and the increasing use of the yuan in global trade, according to Reuters. The strategy positions the Wall Street bank to benefit from Beijing’s efforts to promote the yuan as an international currency, even […]