Finance
Citi Is Growing Rapidly in China on Huge Interest, CEO Says
Citi CEO Jane Fraser says the lender is growing “rapidly” in China due to large interest from investors and companies
Citigroup Inc. is growing “rapidly” in China with reviving interest from investors and companies in the world’s second largest economy, according to the bank’s chief executive officer.
“We have had huge interest and a large number of investors and companies coming to China to understand what’s happening here, as well as the Chinese companies and investors that are looking much more externally now,” Jane Fraser said in an interview with Bloomberg Television on Friday. “So that really feels like a sea-change here that’s pretty exciting.”