Citi opens China desks overseas following Chinese companies' expansion
Citi opens hedging desks in Johannesburg, London, Sao Paolo and New York to help Chinese multinationals with hedging, cash management, trade and treasury services and lending activities
Citi has set up China desks in Africa, the Americas and Europe to offer Chinese clients better access to its global platform as these institutions expand their international operations.
"The setup of China desks in key regions outside China is part of our strategy to support the fast-growing banking needs of Chinese companies while they are going global," says Andrew Au, chief executive of Citi in China. "Citi's global network of more than 100 countries will offer opportunities to help Chinese
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