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Jun 11, 2024 · SHANGHAI- Citi announced today it has successfully completed the sale and full migration of its onshore consumer wealth portfolio in China to HSBC Bank China (HSBC), including the transfer of more than 300 employees. Citi and HSBC first announced the transaction in October 2023.
Jun 11, 2024 · Citi has completed the sale an migration of its onshore consumer wealth portfolio in China to HSBC Bank China (HSBC), including the transfer of more than 300 employees, including wealth customers in Shanghai and 10 other cities in mainland China (excluding credit cards and mortgages).
6 days ago · The new boss of consultancy Bain & Company has said the firm is pulling back from advising certain industries in China, as rising tension between Beijing and Washington heightens scrutiny of ...
Jun 11, 2024 · Citi announced it has completed the sale and full migration of its onshore consumer wealth portfolio in China to HSBC Bank China, including the transfer of more than 300 employees, as part of a transaction first announced in October 2023.
4 days ago · China will continue to expand its opening-up of the financial industry, according to Li Yunze, Party secretary of the National Financial Regulatory Administration. Li, who is also head of the administration, made the remarks on Monday during a meeting with Jane Fraser, CEO of Citi.
Jun 12, 2024 · HSBC China has completed the acquisition of Citi's retail wealth management portfolio in the Chinese mainland, HSBC said on Tuesday. The portfolio of investment assets and deposits, and associated wealth management customers — covering 11 major Chinese cities — has been integrated into HSBC China's Wealth and Personal Banking operations.
Jun 11, 2024 · Citibank (China) Co Ltd said on Wednesday that it has received a domestic fund custody license from the China Securities Regulatory Commission, becoming the first US bank and the first among the top five global custodians to win such a license.
