China to further open financial sector, regulator tells Citigroup CEO

📆 6/7/2023 9:12 AM
📰 ChannelNewsAsia

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BEIJING : Citigroup's Chief Executive Jane Fraser held a meeting with the head of China's new financial regulator on Monday, the National Financial Regulatory Administration (NFRA) said, as the bank expands its presence in the market after withdrawing from retail banking globally.China will open up its fi

BEIJING : Citigroup's Chief Executive Jane Fraser held a meeting with the head of China's new financial regulator on Monday, the National Financial Regulatory Administration said, as the bank expands its presence in the market after withdrawing from retail banking globally.

The U.S. lender started shutting down its retail banking business in China last December due to a global strategy shift. Currently it offers corporate and institutional banking, global markets and wealth businesses in China.

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