Tuesday June 2, 2020

Citigroup's plan to join China bank exodus leaves focus on HSBC

Citigroup is seeking buyers for its 20 per cent stake in China Guangfa Bank after the Chinese lender scrapped plans to list in Hong Kong

23rd October, 2015
Citigroup plans to join an exodus of global banks from stakes in Chinese lenders

Citigroup’s plans to join an exodus of global banks from stakes in Chinese lenders leaves the focus on HSBC, the only one with a major holding in a big bank after earlier exits by the likes of Bank of America and Goldman Sachs.

Citigroup is seekingbuyers for its 20 per cent stake in China Guangfa Bank after the Chinese lender scrapped plans to list in Hong Kong, people familiar with the matter said...

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