Citibank said its first-quarter new premium income from yuan- denominated insurance products sold in Hong Kong more than doubled from the previous quarter and was up 30 per cent on the same...
- Sun
- May 26, 2013
- Updated: 10:52am
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Citibank's entry to the Chinese credit card market marks the start of a coming explosion in card ownership, which will end in a wave of massive defaults around 2020.
Citibank plans to add more branches in Hong Kong and in mainland China as it expands further into the Asia region.
Citibank saw growth in credit card spending in Hong Kong slow in the second quarter, with retail sales in April and May rising about 20 per cent year on year, down from 32 per cent in the first...
Many veterans in the finance industry will tell you that what you learn at school bears little, if any, resemblance to what you face at work.
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