In this blog, we curate relevant and remarkable content related to digital banking, fintech and high-performance banking leaders. This piece by Reuters reports that Citigroup gets regulatory nod for fund custody business in China. Read on.
“Citigroup said on Friday it had become the first major global custodian allowed to operate an onshore fund custody business in China, tapping into the country’s $19 trillion asset management industry.”
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Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.
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