Article: Citi opens 3rd rural lending company in China

Citi opens 3rd rural lending company in China

DALIAN, Oct. 14 (Xinhua) -- 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 1 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 ...

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