Citibank to deepen efforts for double-digit growth in China

Move in line with US firm's strategy to expand consumer banking business

Citibank will boost investment in its wealth management business in China and aims to have double-digit growth in its client numbers in the coming years, according to a senior executive of the US bank.

The bank has launched a new wealth management service, known as Citigold Private Client, in China that targets clients with minimum investable assets worth 8 million yuan ($1.14 million).