Citi has been granted approval to act as a market-maker on China’s interbank bond market, the bank announced on August 12. That makes it only the second firm to be granted such a licence, after JPMorgan. The bank was already active in secondary trading in China but Citi said the new licence enabled it to “broaden its access to different types of renminbi fixed-income products, and expand on its commitment to providing active price quoting and market liquidity, innovative product development, and professional trading practices”.
Thanks for your interest in Euromoney!
To unlock this article:
