Global banks like city group and HSBC are now giving concentrating more on small to medium-sized clients due to a dwindling number of $10 billion-plus IPOs from Chinese state-owned companies deals. In this backdrop citi group is planning to hire 100 bankers in Asia-Pacific commercial banking. There is an increased growth which represents 10 percent growth in citi's Asia and pacific banking unit for the services like foreign exchange and cash management. "This is not about adding hundreds of new clients in the region, but winning more wallet share from commercial banking clients who have cross-border business by providing them with more loans, FX, cash and trade products," says citi's banking head.
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