Citi Says China-US Corridor Revenue Rises 44% Despite Trade Friction
Escalating US-China trade friction has not slowed corporate activity between the two economies, and Citi says its Greater China-US corridor is expanding. At a media briefing in Hong Kong, the bank’s China CEO Zhang Wenjie said China-US corridor revenue rose 44% year-on-year in the first half. Geopolitical headwinds are boosting demand for cross-border services as enterprises use international banks for FX hedging and capital-flow reconfiguration.