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China CITIC Bank International (CNCBI) and Hang Seng Bank are taking bold steps to enhance the offshore RMB bond market, signaling a significant evolution in financial operations in Asia. The two financial institutions announced their support for the new…
China CITIC Bank International is showcasing a robust ability to weather the ongoing challenges in Hong Kong’s sluggish property market, as reported by Moody’s. The bank is expected to uphold its solid asset quality, strong capital base, and excellent…
CITIC has plans to sell a 22 percent stake in McDonald’s Chinese mainland and Hong Kong business to its parent group’s private equity arm. The main listed arm of the Chinese state-owned CITIC Group, CITIC Ltd., will aim to raise at least 2.17 billion yuan,…
CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited, announced that Brook Wong, vice president of CITIC Telecom has been appointed to the additional role of chief executive…
The wealth planning specialist catering to ultra high net-worth individuals began her career 16 years ago as a wealth management associate at Citi. Faye Ong, previously head wealth planning for South Asia at Union Bancaire Privee, has rejoined the bank as…
Citigroup CEO Jane Fraser’s first-quarter debut featured strong earnings worldwide and in Asia where the American lender is eyeing growth opportunities, particularly from private wealth in the region. Citi’s consumer banking unit in Asia saw $5.2 billion in…
China CITI Bank International launches its robo-advisory offering in Hong Kong which was co-developed with fintech firm Quantifeed. The new goals-based advisory offering, «Robo 360» is a goal-based advisory service made available through CITIC’s mobile…
Hong Kong-based CITIC Telecom International has reported a record high operating profit of HK$850.1 million ($109.5 million) for 2016, up 6% from the prior year. During the year, CITIC Telecom launched its new City Link roaming services supporting data…
McDonald’s has confirmed the sale of its China and Hong Kong operations to an investment consortium for US$2.08 billion (HK$16.14 billion). Under the deal, the purchasers, Citic Limited, Citic Capital and The Carlyle Group, will open 1500 new outlets. Phyllis…
Hong Kong’s CITIC Telecom International has expanded its presence in Southeast Asia with the acquisition of a 100% stake in cloud infrastructure services provider Acclivis. Acclivis mainly operates cloud facilities in the markets of Singapore, Indonesia,…
Five companies from three nations are banding together to sell imported popular household products like diapers and milk powder in China. The partners are Itochu, Japan’s third-largest trading house; Charoen Pokphand Group, Thailand’s biggest conglomerate;…
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