FinanceCitigroup banks on disciplined approach to China
Institutional banking and wealth management are focus of Asia strategy
A branch of Citibank in Beijing. Global banks have unveiled big plans to expand in China, shrugging off mounting tensions with the U.S. © Getty Images
NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent
HONG KONG -- U.S. banks from Goldman Sachs to JPMorgan Chase are hurrying to expand in China as the country opens up its financial markets -- but Citigroup's top regional executive says his bank will pick its opportunities carefully rather than get caught up in the rush.