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Citi readies for Asia investment surge with new China desk as trade war intensifies

Reuters  |  HONG KONG 

By Sumeet ChatterjeeHONG KONG (Reuters) - Citigroup Inc will set up a China business desk in India within the year betting on a pickup in investment flows within the Asian region, its Asia-Pacific corporate banking head said, as concerns grow about the impact of a Sino-U.S. trade war.Citi plans to establish the desk in Mumbai, adding to a South Korea business desk in the capital New Delhi, Gerald Keefe told Reuters. The desks provide services such as trade finance, corporate loans, cash management and investment banking.Chinese firms, mainly from tech and pharmaceutical sectors, have been ...

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First Published: Wed, July 11 2018. 11:23 IST