Citi’s Agency and Trust, which is part of the bank’s global transaction services division, has launched a comprehensive suite of renminbi agency and fiduciary services for its corporate and institutional clients in Hong Kong. These enhancements will allow Citi’s renminbi bond, loan and structured finance customers to access the renminbi market in Hong Kong and internationally.
According to the bank, the new products will support an extended range of renminbi-related activities, including trustee and paying agency services for renminbi-denominated bond issues in Hong Kong amid China’s move to allow foreign lenders greater access to its interbank bond market. There will also be support for mergers and acquisitions, real estate transactions, trade and project...
