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Article: Citi opens 3rd rural lending company in China
- Article from:
- Xinhua News Agency
- Article date:
- October 14, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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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 ...