FX Week

Citibank First US Bank To Receive BoC Approval For Beijing Branch

BANKS

Citibank is the first U.S. bank to receive permission from the People's Bank of China to operate a Beijing branch, officials say. Citibank will upgrade its existing representative office there to a full branch, which should be operational by next month, says regional manager for financial markets in Asia-Pacific, Y.S. Wong.

The bank has had a representative office in Beijing since 1984, but this marks the first time the bank will be able to offer a full range of commercial banking services,

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: