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Article: CITI OPENS 3RD RURAL LENDING COMPANY IN CHINA.

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AsiaPulse News
Article date:
October 16, 2009
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DALIAN, Oct 16 Asia Pulse - Citi China on Wednesday opened its third lending company in China as the U.S. lender seeks to penetrate further in the world's third-largest economy.

The company is in Wafangdian in the northeastern port city of Dalian with a population of one million. The first two such businesses are in Gong'an and Chibi in central province of Hubei. All the three are county-level rural regions.

Andrew Au, CEO of Citi China, said the Dalian Wafangdian Citi Lending Co., Ltd. will offer both secured and unsecured loans to individuals, self-employed and ...

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