Citi's Luet: China's Franchise Has Grown Very Strongly
AI Summary
Marc Luet of Citi discusses the strong growth of the yuan's role and the bank's hopes to acquire a securities license in China. The statements underscore Citi's strategic focus on expanding its presence in the Chinese financial market.
Marc Luet, Head of Japan, Asia North & Australia and Banking at Citi, says the bank has seen the role of the yuan grow and is hopeful of obtaining a securities license in China. He speaks exclusively on "Bloomberg: The China Show." (Source: Bloomberg)