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Citigroup purchases new Hong Kong headquarters

  • Citigroup (C) has purchased a new headquarters in Hong Kong for almost $700M, making it the largest ever single-block office acquisition in the city.
  • The new 21-floor office building in the Kowloon district will become the bank's new center for all its businesses in the area.
  • Citigroup currently employs close to 5,000 people in Hong Kong.
Comments (1)
  • OneCitizen
    , contributor
    Comments (79) | Send Message
     
    I guess if C cannot do business anymore in its "own" country due to endless regulations and hurdles, it has to look for new opportunities of expanding business elsewhere.

     

    Same with EU banks, I work for one and we're eyeing mainly S. America and Asia and putting more and more resources into that rather than expecting to grow in Europe.
    17 Jun, 06:43 AM Reply Like
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