Citigroup: the demand for quantitative funds seeking to enter China's A-share market is constantly growing

The regional market director of Citigroup Group stated that they plan to increase the staff in the Asian interest rate and institutional brokerage business by 5%-10% next year to meet the growing demands of clients, including hedge funds. Paul Smith, who serves as the market director for Japan, North Asia, and Australia, mentioned that client activities in the Hong Kong market have been very active, with particularly strong growth in institutional brokerage and interest rate departments. He noted that with the rebound of the first-time public offerings in Hong Kong and mainland China, the bank's hedge fund clients in Asia have doubled in the past two years. Smith pointed out that a large amount of funds from US hedge funds are flowing in, with a growing demand for quantitative funds seeking to enter the China A-share market.