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Citibank approved to set up two lending companies in rural China

com.cn » 2008 » October » 7th » Citibank approved to set up two lending companies in rural China

Citibank China on Tuesday said it had obtained regulatory approval to establish two lending companies in the country's rural areas, making it the first foreign bank to start such a business domestically. The firms, respectively in Gong'an County and Chibi City of central Hubei Province, would offer both secured and unsecured loans, the bank said in a statement. They are expected to be … Continue Reading »

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