Citibank (China) has received regulatory approval to act as an interbank bond market maker.
In this capacity, Citi China will be able to access to different types of Renminbi fixed income products, and expand on its services to providing active price quoting and market liquidity, product development, and professional trading practices.
Andrew Au, CEO of Citi China, said: “China’s interbank bond market is an important arena for financial institutions to engage in funding and capital market activities for themselves and their clients. Citi is delighted to be in a position to actively contribute to the market’s continued development in our capacity as a market maker.”
