TOPIC

/ company

Citigroup

The latest news, analysis and opinion on Citigroup. In-depth analysis, industry insights and expert opinion.

Chairman / President

Jane Fraser

CEO / Managing Director

Jane Fraser

CFO / Finance Director

Mark Mason

Industry

Banking, Financial Services, Fund & Asset Management

Website

citigroup.com

Headquarters address

388 Greenwich Street, New York, NY 10013, USA

Stock Code

NYSE:C

Year founded

1812

US-China trade war

Xi-Trump phone call, inflation data and more

This week: Presidents Xi Jinping and Donald Trump talk on the phone, factory activity contracts and government condemns EV price war. Next week: May trade and inflation numbers, visa-free travel for four Gulf states, Huawei smartphone debut and more.

6 Jun 2025 - 5:00PM

Banking & finance

Citigroup to cut 3,500 tech support jobs in China to trim costs

5 Jun 2025 - 8:50PMvideocam

Private credit

HSBC asset-management unit dives into private credit in Asia

4 Jun 2025 - 10:56AM

Banking & finance

More rich people from mainland, Southeast Asia investing in Hong Kong: Citibank

Hong Kong attracts affluent investors from China and Southeast Asia, boosting Citibank’s client base.

2 Jun 2025 - 7:30AM

Janus Wu, head of international personal banking at Citibank (Hong Kong). Photo: SCMPOST

US-China relations

Editorial | Smart money in US still bets on Beijing

From banking giants to tech behemoths, American firms are a step ahead of Washington politicians when it comes to understanding the value of China.

2 Jun 2025 - 6:30AM

US-China relations

Chinese vice-premier meets US finance chiefs amid trade war charm offensive

He Lifeng told senior executives from Citigroup and Carlyle Group that the country’s economy was showing ‘resilience and vitality’.

24 May 2025 - 9:01PMvideocam

IPO

Jiangsu Hengrui jumps 25% in solid Hong Kong trading debut

Company raises HK$9.89 billion (US$1.29 billion), with the proceeds to be used to support clinical trials and expand production capacity.

23 May 2025 - 4:56PM

Sun Piaoyang, chairman of Hengrui, at the company’s trading debut on the Hong Kong stock exchange on Friday. Photo: Aileen Chuang

US-China trade war

US jobs growth likely slowed in April, economists’ survey shows

Non-farm payroll growth probably slowed to 138,000 last month, according to a Bloomberg survey of economists.

2 May 2025 - 11:46AM

US-China trade war

Crunch time for China’s solar panels as Trump’s 3,521% tariffs loom

Chinese firms have been exporting from offshore factories to beat US tariffs for a decade, and Washington is determined to shut the loophole.

27 Apr 2025 - 9:43AMvideocam

Millionaires and billionaires

Meet Citigroup CEO Jane Fraser, the first woman to lead a major US bank

Fraser spent her teenage years in Australia and has 2 master’s degrees, from Cambridge and Harvard; her Cuban-born husband quit his job as a banker to support her as a stay-at-home dad.

1 Mar 2025 - 6:00AM

Citigroup CEO Jane Fraser, the first woman to lead a major United States bank. Photo: SCMP Archives

Banking & finance

Citigroup lifts CEO Jane Fraser’s total pay by a third to US$34.5 million

Fraser’s pay, the vast majority of which comes in stock-linked awards, is up from the US$26 million she received for 2023.

19 Feb 2025 - 3:51PM

Citigroup CEO Jane Fraser. Photo: Dickson Lee

Banking & finance

Yuan trade finance rises in Hong Kong as firms seek cost efficiencies

The Chinese currency’s cheaper funding costs and growing offshore liquidity, coupled with a new facility, are boosting its appeal.

3 Feb 2025 - 7:30AMvideocam

Hong Kong Monetary Authority (HKMA)

Hong Kong banks cut lending rates, but HKMA warns of volatility ahead

The latest rate cuts by lenders such as HSBC and Bank of China will lighten the monthly burden on mortgage borrowers by about HK$351 to HK$22,452.

19 Dec 2024 - 4:50PM

Banking & finance

Exclusive | Citigroup’s Jane Fraser on Hong Kong’s enduring charm and strategic role

A potential trade war will not alter the US bank’s expansion plans in Asia, or Hong Kong’s importance, Fraser says in an exclusive interview.

13 Jan 2025 - 4:23PM

Citigroup CEO Jane Fraser, pictured during the Hong Kong Monetary Authority’s Global Financial Leaders’ Investment Summit at Grand Hyatt in Wan Chai on November 19, 2024. Photo: Dickson Lee

Focus

Global CEOs see new hopes, old threats in Hong Kong vs Trump 2.0

‘People are leery of investing a lot of money in a country that is part of geopolitical tensions,’ Oaktree Capital’s Howard Marks says.

13 Jan 2025 - 4:18PM

Banking & finance

Citigroup CEO meets Chinese officials as Beijing touts financial market reforms

Fraser said the Wall Street bank will ‘further its participation in the market to help promote US-China economic ties and trade’.

22 Nov 2024 - 1:06PM

Banking & finance

Hong Kong’s base interest rate drops to 5% in second cut

Together with the half-percentage-point cut in September, Hong Kong’s key rate has now fallen back to February 2023’s level.

8 Nov 2024 - 11:06AM

Catalysing fintech innovations

Citi brings game-changing digital solutions to wealth management and institutional banking

Cross-sector collaboration among key players in the fintech ecosystem is transforming the client experience.

In partnership with:

Citi

Banking & finance

Exclusive | Hong Kong to turn bankers’ summit into calendar ‘anchor’ on popular demand

The summit is pivoting from the publicity objective of its 2022 inaugural edition to making Hong Kong the venue to discuss issues that affect global banking.

22 Oct 2024 - 9:49AMvideocam

Banking & finance

Wealthy Asians drawn to Hong Kong’s varied investment choices: Citibank

High-net-worth individuals from mainland China and Asia use Hong Kong to invest their wealth as they seek wider investment choices and better returns.

2 Oct 2024 - 2:30PM

Banking & finance

Hong Kong investments, insurance sales and card spending jump: Citigroup

‘The recent stock market rally has led customers across the board to become more active in investment,’ says the bank’s head of wealth.

4 Jun 2024 - 9:00AM

People pause at a crosswalk near a Citibank branch in Central, Hong Kong, on July 20, 2020. Photo: Nora Tam

Banking & finance

Exclusive | Hong Kong key to Citigroup’s Asia wealth business expansion plan

Citigroup will use Hong Kong as a hub to expand its wealth management business in the Greater Bay Area and Asia, which is set to become the fastest-growing region globally, according to global wealth head Andy Sieg.

28 Aug 2024 - 3:52PM

Hong Kong offers a great base for family offices, according to a Citibank executive. Photo: dpa

Banking & finance

Year of the Dragon: which Hong Kong bank is giving staff the most lai see?

A Post poll of 10 lenders found that this year’s packets range from HK$100 (US$12.82) to HK$1,000, with bank employees also set to enjoy hampers full of treats, lucky draws and even extra time off.

13 Feb 2024 - 2:30PM

Hong Kong stock market

Hong Kong stocks’ 7-day slump worst since August; Shanghai index at May 2020 low

The Hang Seng Index closed lower for a seventh day, posting the longest losing streak since mid-August. Cross-strait tensions rose a notch as Taiwan votes for a new president later this week.

10 Jan 2024 - 5:11PM

Hong Kong stock market

Citigroup, HSBC trim Hang Seng Index targets on earnings, China policy doubts

The new year is barely two weeks old and some strategists are unsure if the city’s stock market will convincingly end a four-year losing streak.

10 Jan 2024 - 7:00AMvideocam

A man takes pictures of stock prices outside the Exchange Square in Central, Hong Kong in September 2023 Photo: Elson LI

Banking & finance

SHKP tops Hong Kong’s home sales in 2023 as deals hit a 33-year low

Sun Hung Kai Properties (SHKP) topped the city’s home sales table in 2023, accounting for over a quarter of the deal volume for residential flats in one of the world’s most expensive property markets.

3 Jan 2024 - 4:06PM

Potential buyers queue up at V Walk in Nam Cheong for 350 units of Sun Hung Kai Properties’ Yoho West Phase 1. Photo: Xiaomei Chen

HSBC

Exclusive | HSBC may resort to acquisitions to undergird its Asia pivot

The focus on shareholder returns partly reflects HSBC’s new strategy to deflect last year’s break-up call by its largest stakeholder Ping An Group.

30 Jan 2024 - 10:09AM

Hong Kong Monetary Authority (HKMA)

Hong Kong treats top bankers to banquet, cultural show to launch summit

The HKMA hosted 300 global bankers at the Palace Museum in the lead up to the second edition of its Global Financial Leaders’ Investment Summit, which takes place over the next two days.

6 Nov 2023 - 11:36PMvideocam

Help preserve 120 years of quality journalism.

SUPPORT NOW