Citigroup CEO pledges to Beijing to continue China expansion

South Africa News News

Citigroup CEO pledges to Beijing to continue China expansion
South Africa Latest News,South Africa Headlines
  • 📰 Reuters
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Citigroup's CEO Jane Fraser said the bank will continue to expand its business in China during her first visit to the country this week as the U.S. firm's chief, amid Beijing's push to attract more foreign capital.

their enthusiasm in growing their China business, as they tread a fine line between showing commitment to China and not antagonizing the United States.

International companies are finding it harder to operate as tensions between the U.S. and China have risen. U.S. venture capital giant Sequoia said Tuesday it plans toCiti currently offers corporate and institutional banking, global markets, wealth businesses and other banking services in China.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China, US hold 'frank' and constructive talks in BeijingChina, US hold 'frank' and constructive talks in BeijingThe meeting was part of ongoing efforts to maintain open lines of communication and build on recent high-level diplomacy between the two countries, the US State Department said.
Read more »

China, US talks in Beijing strike upbeat tone but risks remainChina, US talks in Beijing strike upbeat tone but risks remainMeetings between senior U.S. and Chinese officials in China this week struck an upbeat chord, with both sides agreeing to maintain communication lines, even as Beijing remains leery of more 'provocative' U.S. moves and open clashes are still a risk.
Read more »

US venture capital titan Sequoia to split off China business amid tension with Beijing | CNN BusinessUS venture capital titan Sequoia to split off China business amid tension with Beijing | CNN BusinessVenture capital titan Sequoia is splitting its business into three independent partnerships, each with separate brands. The Silicon Valley-based firm’s expansive investments in China will become their own unit.
Read more »

Pirelli’s Italian CEO Seeks to Curb China’s Grip on TiremakerPirelli’s Italian CEO Seeks to Curb China’s Grip on TiremakerMarco Tronchetti Provera wants the Italian government to help him sideline a Chinese state-owned investor, warning that the company’s independence is at stake.
Read more »

JPMorgan CEO after overseas visit: China 'not a 10-foot giant'JPMorgan CEO after overseas visit: China 'not a 10-foot giant'FOX Business caught up with JPMorgan Chase CEO Jamie Dimon on Capitol Hill Tuesday to ask about his trip to China and the state of U.S.-China relations.
Read more »

Merck CEO says decoupling from China would be at huge economic costMerck CEO says decoupling from China would be at huge economic costThe CEO of German technology group Merck KGaA said that unravelling trade ties with China would come at great economic costs and that she was banking on dialogue to ease tensions between Beijing and Western powers.
Read more »



Render Time: 2025-02-28 02:27:04