Global banks including Citigroup Inc. and UBS Group AG are suspending their return-to-office plans in Hong Kong after the city reported a daily record of more than 100 new coronavirus cases. Hong Kong’s third wave is its worst ever, with about 560 local infections confirmed in just 16 days, including 66 cases Monday. Citi Aims to Increase New York-Area Staffing in Early October, Citi, UBS Pause Hong Kong Back-to-Office Plans as Cases Jump (3), Hong Kong to Loosen Public Gathering Limits as Cases Fall. Citibank opened its first office in Hong Kong in 1902 and established its Global Commercial Banking Division in 1999. "It is hard to start an enterprise, yet harder to keep it going. Have a confidential tip for our reporters? East Arts is able to secure new orders from buyers with minimal risk with Citi Commercial Bank's end to end trade financing solution, including export trade financing with credit protection. Citibank (Hong Kong) Limited was founded in 1965. Became the title sponsor of the Soccer Sevens Tournament organized by the Hong Kong Football Club featuring up-and-coming soccer stars from world-renowned teams in fast-paced, 20-minute matches. Restaurant Curfew: Virus Update. Citigroup had about half its staff at home before the bump last week. Citi's Consumer Bank Operations Group is looking for interns to join its Summer Associate Program in Hong Kong office. Have a confidential tip for our reporters? CCB is committed to partnering with clients and taking the time to understand their businesses and unique financial needs. Before it's here, it's on the Bloomberg Terminal. Even so, it helped raise over $10 billion from global capital markets for Hong Kong clients, including taking Li & Fung Ltd. private, according to Griffiths. Citi launched the Hope Development Accounts program, a first of its kind in Hong Kong to help low-income families build personal, social and financial assets, and enhance self-sustainability. Selected by the Government of Hong Kong Special Administrative Region to administer a Purchasing Card Program, which was the largest purchasing card deal ever awarded by a public sector client to Citi in Asia Pacific. Launched Global Community Day, an annual volunteer event that has seen more than 17,000 Citi colleagues, alumni, clients, family and friends contribute over 69,000 hours of service in Hong Kong since 2012. When the Shanghai-Hong Kong Stock Connect launched in November 2014, it highlighted differences between both markets that presented challenges to investors. Barrier-free banking services are available at selected branches. Citibank Plaza, Citi Hong Kong's new headquarters, was the largest real estate development ever undertaken by an American corporation in Hong Kong. Come and visit any one of our Citibank® branches to experience comprehensive banking & wealth management services. “We work to data not dates and the safety of our staff and clients is our top priority,” said James Griffiths, Citigroup’s Hong Kong-based spokesman. JPMorgan Chase & Co. and Goldman Sachs Group Inc. are also requesting workers stay away from the office, while UBS estimates about 60% will work from home, triple the level of two weeks ago. The aggressive resurgence in the city comes after a period that saw residents return to normal life, and the high share of cases of unknown origins in the new outbreak suggests that hidden chains of transmission have been festering for some time. Global banks including Citigroup and UBS Group AG suspended their return-to-office plans in July. Citigroup.com is the global source of information about and access to financial services provided by the Citigroup companies. We serve clients through industry-leading products and services, next-generation retail formats and world-class digital channels to deliver a simple, secure and seamless experience. Already the financial services hub of Asia, Hong Kong is fast becoming a global commercial center and is regarded as one of the freest and most open economies. Launched CitiGold Priority Banking, the city's first priority banking service, which set a new standard for the consumer banking industry in Hong Kong. Citigroup Inc. will send an additional 20% more staff back to work from Hong Kong premises starting next week as the city’s coronavirus cases dropped from record highs. Rolled out the Octopus Citibank Credit Card, the first contactless payment tool for fast and convenient small-value payments at over 50,000 point-of-purchase locations in Hong Kong. Restaurant Curfew: Virus Update. Masks are now mandatory in indoor public spaces and on public transport, while restaurant restrictions and gym and bar closures have been extended for another week until the end of July. Relationship Managers in Hong Kong and around the world are experienced at developing commercial banking solutions that help clients' leverage opportunities and manage the risks associated with cross-border trade. Restaurant Curfew: Virus Update. Citigroup Inc. said it will allow an additional 600 staff to resume working from their Hong Kong premises on Wednesday after the city relaxed social-distancing curbs amid an overall reduction in the number of new coronavirus infections. HAD's successful model was recognized by the HK Council of Social Service (HKCSS) with the Outstanding Partnership Project Award, and the Excellence in Family Financial Planning Educational Award by the Institute of Financial Planners of Hong Kong. The New York-based bank is now asking all Hong Kong employees to work from home except for office-critical staff, compared with about 50% as recently as last week and none last month, according to a bank spokesman. Before it's here, it's on the Bloomberg Terminal. “We work to the data not dates and we continue to prioritise the health and safety of our staff and clients,” said Griffiths. Became title sponsor of the Triple Crown, and rolled out the Hong Kong Citi Gold Cup in 2009. Click here for details. After daily local cases reached a peak of 145 at the end of July, the city has been reporting no more than 15 local infections for nine straight days. Hong Kong reported 66 new local coronavirus cases on Monday. Citigroup is joining other Wall Street banks including Goldman Sachs Group Inc. and Morgan Stanley in … Global banks including Citigroup Inc. and UBS Group AG are suspending their return-to-office plans in Hong Kong after the city reported a daily record of more than 100 new coronavirus cases. and the business community, Citi Hong Kong clients in the Fortune Global 500, supporting charitable organizations in 2016 by Citi and the Citi Foundation. Became the first American bank to establish a branch in Hong Kong. Citi now offers you even more convenient banking. As a Thought Partner to our clients, Citi Commercial Bank not only provides financial support, but also matches their needs on talent development. At Citi Commercial Bank, our dedicated team ensures that our clients' potential is attained. In 2008 Citi partnered with the Tung Wah Group of Hospitals (TWGHs) to launch the Hope Development Accounts (HDA). Citibank opened its first office in Hong Kong in 1902 and established its Global Commercial Banking Division in 1999. With International Personal Banking Center, Shop B, G/F, China Insurance Group Building, 141 Des Voeux Road Central, G/F & 10/F, Wheelock House, 20 Pedder Street, G/F, Yue Hing Building, 101-105 Hennessy Road, G/F - 2/F, Wellable Commercial Building, 513-517 Hennessy Road, Shop A & B, G/F, Hong Chiang Building, 141-147 Johnston Road, Shop G13 and P27, Fu Shan Mansion, 25 TaiKoo Shing Road, Shop 8, G/F – 2/F, Wai Fung Plaza, 664 Nathan Road, Unit LG2-57 of Level LG2, Festival Walk, 80 Tat Chee Avenue, Suite 301A Level 3 Festival Walk Tower, 80 Tat Chee Avenue, Unit 3, G/F & Cockloft, Camel Paint Building, Block 3, 60 Hoi Yuen Road, E1, G/F, Citi Tower, One Bay East, 83 Hoi Bun Road. One HSBC employee tested positive for the virus over the weekend after returning to Hong Kong from overseas, according to an internal memo which was confirmed by a bank spokeswoman. Citigroup Inc. said it will allow an additional 600 staff to resume working from their Hong Kong premises on Wednesday after the city relaxed social-distancing curbs amid an … Barclays Plc, which had as many as 60% of staff in their Hong Kong offices before the latest surge, has seen that number drop below 50% since Wednesday, a spokeswoman said. Its favorable tax structures and location as the gateway to China make Hong Kong an excellent environment for mid-sized wholesalers, trade enterprises, transportation and logistics companies, service providers and manufacturers with cross-border trade aspirations. Hong Kong occupies an important strategic position at the mouth of the Pearl River where it conducts an active trading business on behalf of mainland China. Reopened the newly remodeled Wheelock Branch, another Hong Kong flagship branch which showcased Citi's Smart Banking concept with an eye-catching façade. The pull back underscores the challenges for global banks as they try to resume operations in parts of Asia where the rate of new cases had been slowing. Designated by the Hong Kong Monetary Authority as one of six banks to become Primary Liquidity Provider for the offshore Renminbi market in Hong Kong.

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