Citibank Hong Kong's institutional client business grew by 20 percent year-on-year in the first half of 2026, whereas the bank’s cross-border business corridors in Kazakhstan and Saudi Arabia more than doubled and rose over 30 percent in the period, according to Aveline San, chief executive officer of Citi Hong Kong.
Other cross-border businesses also recorded strong growth, with the UK corridor seeing revenue growth of over 50 percent; the Taiwan and Thailand corridors both growing by over 40 percent.
Business momentum between Hong Kong and the Mainland remains robust, with the bank still seeing substantial demand from clients for cross-border trade, investment, and capital flows.
She revealed last week that Citi is currently in discussions with several large enterprises regarding plans to establish corporate treasury centers in Hong Kong.
The government’s strong promotion of the "4T" framework to encourage multinational corporations to centralise their fund and risk management in Hong Kong has attracted significant client interest, San added, as the bank has received inquiries for further information.
The bank's wealth management revenue recorded double-digit growth in the first half of the year, while assets under management and new client growth remained strong.
Meanwhile, Citi completed several convertible bond issuances this year, seeing active post-listing refinancing activities.
With continued business momentum in the second half of the year, San expressed confidence that the same growth rate can be maintained throughout the year. She also expects the trend of A-share and H-share listings to continue.
