The Dalian branch offers a range of products and services to multinational and local companies, Chinese residents and foreign nationals. The branch anticipates being in a position to offer RMB services to local residents and companies in the near future.
Subject to regulatory approval, the Dalian branch will provide retail banking services that include savings and investment products.
Richard Stanley, chairman of Citibank China, said: Citi has a long association with the vibrant city of Dalian and we are proud to be consolidating our presence here with this world-class branch. Our Dalian opening maintains the strong momentum Citi achieved in China in 2007, and in 2008 we will continue to expand our business as we play an active role in the ongoing development of China’s financial services sector.
