Citi plans Chinese expansion

April 2007
Long Island Business News (7/1993 to 5/2009);4/6/2007, Vol. 54 Issue 15, p10A
The article reports on the plan of the Citigroup Inc. to expand its securities business and branch network in China in 2007. Such move is said to be a result of its inclusion as one of the first group of four banks being granted approval to incorporate locally. The Citigroup's network offices are planned to be expanded from 16-30 to focus on investment banking and wealth management. The proposal is aimed to be a forward step to China's retail market.


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