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Bank of The Orient

Oriental Emotion 11• Congresso Internazionale Danza Orientali | Bauchtanz Festival in Italien! Having lots of Fun at the End of the New Emotion Festival in ITALY! Zadiel With Jill Parker, Francesca Najma H. Fassio, Evelina ...

Citi sees stronger China wealthy client base in 2019 despite economy slowing

By Sumeet Chatterjee and Jennifer Hughes

HONG KONG (Reuters) - Citigroup expects its China wealth management client base to grow faster in 2019 than last year, at more than 30 percent, the bank's country chief said, despite the world's second-largest economy slowing and feeling the pain of a trade war.

Citi's total number of wealth management clients in China, with at least 1 million yuan ($148,610.49) in investable assets, grew 21 percent last year, Christine Lam told Reuters in an interview.

"The fact there's significant accumulation of wealth in China, that is not going to change," said the Citi veteran who has worked at the bank for more than three decades and was named China chief executive in 2016.

Citi is planning to invest more in digital initiatives to help expand its distribution reach and take a bigger share of the onshore wealth management business in China, she said.

Foreign banks including Citi, HSBC and Standard Chartered have been investing heavily in courting the mass affluent - those with investable assets of between $100,000 and $1 million - in China.

Shop Talk: Bank of the Orient moving in; beam bots head to Stanford

, The futuristic Jetson's-like store staffed entirely by employees located in remote locations around the world who communicated with customers through mobile robots that roamed the floor, has closed its downtown location at 425 University Ave. Suitable Technologies opened the store three years ago as a six-month pop-up to demonstrate its Beam Smart Presence System technology first-hand by letting anyone visiting the store try out their telepresence robots. The site quickly became a destination for tech tours organized by local institutions and consulting groups for business leaders and students from around the world. Spokesman Tyler Hoffman said Suitable Technologies closed the store on Oct. 20 after the building's property manager notified the company that it intends to renovate the building for other uses. According to an Oct. 16 ad in a Paly student magazine, the Beam robots have moved into the Microsoft store at Stanford Shopping Center. Hoffman said the company plans to bring its robots to more retail locations and will conduct demonstration tours of its products at its Palo Alto headquarters on East Charlston Road. Stay tuned for more details at a later date. — A.C.

Im in Europe...I ran out of American postage stamps and I need more how? do I get them from here? Help!?

I need documents from America to apply for a Visa to stay in Europe but I ran out of postage stamps I also need to know if the banks here in Europe offer a bank oriented check like in the states because money orders do not exist here.

You can order stamps online www.usps.