Citi sees promise of institutional investor sales in China

The US bank adds three new hires in Shanghai and reports a 50% year-on-year increase in flows from domestic institutional investors, both in renminbi and foreign currency bonds.

US bank Citi has stated its intention to become a leading player in institutional investor sales in China after strengthening its presence on the ground in Shanghai with three new hires.

Rance Lan has returned to the fold as vice-president, responsible for the coverage of institutional clients in eastern and southern China and more generally for driving business growth.

Meanwhile, Wendy Wang Wenjun and Hou Yang have also joined as assistant vice-presidents, covering bond sales and local trading desks, respectively.

Shenghua Hu, Citi’s head of markets for China, says that the bank is enjoying at least a 50% year-on-year increase in flows from domestic institutional investors, both in renminbi and foreign currency...

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