Clients of Citibank Taiwan Ltd (台灣花旗) have had one of their busiest years, as the bank’s institutional businesses supported them across capital raising, merger and acquisitions (M&As) and trade, among other areas.
Citi remains optimistic that clients would continue to drive growth across its institutional franchise, given the momentum and aspirations of local companies.
Over the past couple of years, Citi has been an adviser on five Taiwan-related M&As, which included industries such as technology, retail sales, renewable energy and financial services. The transactions were transformational, making the companies global leaders in their industries.
Photo courtesy of Citibank Taiwan Ltd
This year, Citi has used pre-initial public offering placements, block trades, convertible and exchangeable bonds, and US dollar bond issuances to raise billions of dollars across the local and global capital markets for Taiwanese corporations.
“Taiwan is home to many world-class companies and we are committed to supporting their ambitions. There is a massive transformation happening across all industries and with a global network, this has helped sharpen Citi’s dialogue with clients in Taiwan, as they increasingly want a regional and global perspective,” said Christie Chang (張聖心), head of banking, capital markets and advisory at Citibank Taiwan and chair of Asia-Pacific Corporate Banking.
Citibank Taiwan has seen solid growth in its local corporate banking business as it supports the domestic and international banking needs of companies, whose supply chains are evolving further.
The bank’s local and regional networks connect Taiwanese corporations to the rest of Asia, while Citigroup connects them to a global network of 160 markets.
Some of the bank’s inflows that have grown the most this year have been across trade corridors involving Taiwan.
This year, outflows from Taiwan to India have increased nearly 50 percent, while outflows from Taiwan to ASEAN members have risen about 20 percent, as firms continue to diversify their supply chains.
The bank has also seen steady growth in inflows to Taiwan, too, most notably from companies in Australia, India and Japan.
NO BREAKTHROUGH? More substantial ‘deliverables,’ such as tariff reductions, would likely be saved for a meeting between Trump and Xi later this year, a trade expert said China launched two probes targeting the US semiconductor sector on Saturday ahead of talks between the two nations in Spain this week on trade, national security and the ownership of social media platform TikTok. China’s Ministry of Commerce announced an anti-dumping investigation into certain analog integrated circuits (ICs) imported from the US. The investigation is to target some commodity interface ICs and gate driver ICs, which are commonly made by US companies such as Texas Instruments Inc and ON Semiconductor Corp. The ministry also announced an anti-discrimination probe into US measures against China’s chip sector. US measures such as export curbs and tariffs
The US on Friday penalized two Chinese firms that acquired US chipmaking equipment for China’s top chipmaker, Semiconductor Manufacturing International Corp (SMIC, 中芯國際), including them among 32 entities that were added to the US Department of Commerce’s restricted trade list, a US government posting showed. Twenty-three of the 32 are in China. GMC Semiconductor Technology (Wuxi) Co (吉姆西半導體科技) and Jicun Semiconductor Technology (Shanghai) Co (吉存半導體科技) were placed on the list, formally known as the Entity List, for acquiring equipment for SMIC Northern Integrated Circuit Manufacturing (Beijing) Corp (中芯北方積體電路) and Semiconductor Manufacturing International (Beijing) Corp (中芯北京), the US Federal Register posting said. The
India’s ban of online money-based games could drive addicts to unregulated apps and offshore platforms that pose new financial and social risks, fantasy-sports gaming experts say. Indian Prime Minister Narendra Modi’s government banned real-money online games late last month, citing financial losses and addiction, leading to a shutdown of many apps offering paid fantasy cricket, rummy and poker games. “Many will move to offshore platforms, because of the addictive nature — they will find alternate means to get that dopamine hit,” said Viren Hemrajani, a Mumbai-based fantasy cricket analyst. “It [also] leads to fraud and scams, because everything is now
MORTGAGE WORRIES: About 34% of respondents to a survey said they would approach multiple lenders to pay for a home, while 29.2% said they would ask family for help New housing projects in Taiwan’s six special municipalities, as well as Hsinchu city and county, are projected to total NT$710.65 billion (US$23.61 billion) in the upcoming fall sales season, a record 30 percent decrease from a year earlier, as tighter mortgage rules prompt developers to pull back, property listing platform 591.com (591新建案) said yesterday. The number of projects has also fallen to 312, a more than 20 percent decrease year-on-year, underscoring weakening sentiment and momentum amid lingering policy and financing headwinds. New Taipei City and Taoyuan bucked the downturn in project value, while Taipei, Hsinchu city and county, Taichung, Tainan and Kaohsiung
RSS