, China
Photo by Nastya Dulhiier via Unsplash.

Citibank China clinches Futures Margin Depository Bank approval

It is the first American bank to clinch the approval.

Citibank (China) has received approval from the Shanghai Futures Exchange (SHFE) and the International Energy Exchange (INE) to act as a Futures Margin Depository Bank (FMDB) for its Qualified Foreign Investor (QFI) clients to trade commodity futures on the SHFE and INE.

ALSO READ: DLT, digital money rise as securities sector eye faster settlements

This makes Citi the first American bank to receive the approval.

With this, Citi’s China business can now serve as a futures margin depository bank to assist foreign investors to invest in China’s capital markets.

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
More tax perks could drive Philippine SMEs to go ‘green’
The Southeast Asian nation’s 1.1 million small businesses can be a target for green loans. 
Asia struggles with G20 payment targets
The ultimate goal is for cross-border payments to achieve “the speed of the internet.”