Citibank to open three new outlets on Chinese mainland
(Xinhua)
Updated: 2006-10-06 14:28
Citibank is consolidates its presence on the Chinese mainland with plans to
open new consumer-banking outlets in Shanghai, Beijing and Tianjin in October.
Citibank was preparing to expand as China would fully open its financial
markets by the end of 2006 under its obligations to the World Trade
Organization, said Lee Ah-Boon, county business manager for Citibank China.
The new outlets would offer services to local and foreign companies, Chinese
residents and foreign nationals, said Lee.
"China remains a top strategic focus for Citigroup globally," he said.
Citigroup, an international global financial services company, has 200
million customer accounts and operates in more than 100 countries.
Citigroup first established an office in Shanghai in 1902. It currently
operates six branches and 12 outlets in Beijing, Shanghai, Guangzhou, Shenzhen
and Tianjin. (For more biz stories, please visit Industry Updates)
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