Biz News Flash

Citibank sets up branch in E China city

(Xinhua)
Updated: 2011-05-11 16:51

BEIJING -- Citibank (China) Co, Ltd launched a branch Wednesday in Nanjing, capital city of East China's Jiangsu province.

According to company sources, the new branch will provide cash management, trade financing, lending and foreignexchangetrading services for large local state-owned enterprises, smaller companies and transnational corporations that do business in the city.

The Nanjing branch is the 36th business outlet the Citibank has launched in China.