Citi Group CEO Jane Fraser stated that investors and corporations are showing renewed interest in the world's second-largest economy, with Citi's business in China experiencing "rapid" growth.

"We are seeing significant interest, with many investors and companies coming to China to understand the landscape, while Chinese firms and investors are also increasingly looking at overseas markets," Fraser said in an interview on Friday. "This truly reflects a major shift here, which is very encouraging."

In recent years, Citi has exited consumer banking operations in several Asian markets, including mainland China and India, and cut around 3,500 tech jobs in China as part of a global streamlining initiative.

Fraser emphasized that this is not a retreat but an aggressive push to gain market share.

She noted that Citi is focusing on serving Chinese companies seeking overseas expansion and clients with cross-border needs, describing these segments as "highly active." Fraser is currently in Shanghai leading a Citi Group conference.

Citi's third-quarter revenue across its five major business lines exceeded Wall Street expectations. Last month, the bank granted Fraser additional authority by appointing her as chairman, making her one of the few CEOs among America's six largest banks to hold both roles.