Citi’s Gigi Shen Recognized for Excellence in Equities Amid China Market Challenges

Gigi Shen, Managing Director and Head of China Equity at Citigroup Global Markets Asia Limited, has been awarded the Excellence in Equities honor at the 2025 Women in Finance Asia Awards. The accolade arrives during a critical juncture for Chinese markets, which are showing tentative signs of recovery after a prolonged downturn since 2021.

"This recognition holds deeper meaning now than it WOULD have during boom years," Shen remarked. The award underscores her team's resilience amid shrinking liquidity, investor underperformance, and aggressive competition for declining market share. Structural shifts in China's economy—from property-driven growth to manufacturing and tech innovation—have demanded agile responses to compressed market cycles.

Notably, global capital outflows persisted through late 2024 before domestic investors began filling the gap. Shen's leadership exemplifies the strategic adaptability required to navigate these transformed equity landscapes.