HSBC (HBC) and Citigroup (C) could soon be doing more business in China, winning Beijing's...

|About: Citigroup Inc. (C)|By:, SA News Editor

HSBC (HBC) and Citigroup (C) could soon be doing more business in China, winning Beijing's approval to sell domestic mutual funds in the country. Attracting more money into the languishing stock market is a priority for the country's leaders who only this February allowed the sales of mutual funds by domestic brokerages and insurers.