UK markets closed
  • NIKKEI 225

    27,693.65
    +184.19 (+0.67%)
     
  • HANG SENG

    21,222.16
    -438.31 (-2.02%)
     
  • CRUDE OIL

    74.45
    +0.34 (+0.46%)
     
  • GOLD FUTURES

    1,880.60
    +1.10 (+0.06%)
     
  • DOW

    33,891.02
    -34.99 (-0.10%)
     
  • BTC-GBP

    18,972.29
    -222.94 (-1.16%)
     
  • CMC Crypto 200

    527.84
    +2.70 (+0.51%)
     
  • ^IXIC

    11,887.45
    -119.50 (-1.00%)
     
  • ^FTAS

    4,303.90
    -35.81 (-0.83%)
     

Davos 2023 - Citi CEO Fraser says China opening up is good news for the market

Chief executives of the country's largest banks testify at a Senate Banking, Housing, and Urban Affairs hearing on Capitol Hill in Washington

DAVOS, Switzerland (Reuters) - China's opening up is important for the world and there is good news from market friendly measures taken there, Citi Group's chief executive Jane Fraser told a panel at the World Economic Forum's (WEF) annual meeting on Wednesday.

It is quite a volatile time in the world, Fraser said, adding that central bank tightening is likely to continue.

(Reporting by Maha El Dahan; Writing by Nadine Awadalla; Editing by Louise Heavens)