A Chinese national flag is hoisted near Citigroup Tower in Shanghai. Citigroup’s banking unit was one of the first four foreign banks to be allowed to incorporate locally in 2007, enabling them to extend yuan-denominated loans to customers. Photo: AP

To beat China’s banks, Citi bets on cyberspace so it never sleeps

Citibank China is going digital while cutting back on its branch network to respond to changing clients’ preferences

Topic |   Banking & Finance

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A Chinese national flag is hoisted near Citigroup Tower in Shanghai. Citigroup’s banking unit was one of the first four foreign banks to be allowed to incorporate locally in 2007, enabling them to extend yuan-denominated loans to customers. Photo: AP
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