China (2024)

China (1)

China

Citi first opened in China in 1902 and became one of the first global banks incorporate locally in 2007. Today, Citi serves 70% of Fortune 500 companies in the market, as well as over 300 leading local enterprises and many more ‘emerging’ new economy companies.

Country Leadership

China (2)

Christine Lam

Citi Country Officer, China

Media

Marine Mao

Head of Corporate Affairs

marine.mao@citi.com

Addresses

Citigroup Tower, No.33 Hua Yuan Shi Qiao Road, Lu Jia Zui Finance and Trade Zone, Shanghai, 200120, P.R. China

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Business Lines & Specialties

China (3)BCMA

Citi's Banking, Capital Markets and Advisory division provides comprehensive relationship coverage and a full suite of products and services in an effort to be the best possible financial partner to its institutional clients.

China (4)Commercial Bank

We help mid-sized companies with revenues starting from $10MM USD address the challenges of rapid growth and international expansion by rationalizing complicated legacy setups or allowing clients to avoid them altogether, so that they can scale faster and grow larger.

China (5)Markets

Markets provides world-class solutions and an unmatched global presence. We serve corporates, institutional investors and governments from trading floors in almost 80 countries.

China (6)Securities Services

Securities Services supports our clients’ business by drawing on the strength of our unmatched global footprint, which provides them with access to local expertise and scalable solutions to support their ambitions.

China (7)Treasury and Trade Solutions

Our treasury services help optimize the needs of our clients on a global scale. Treasury and Trade Solutions provides global solutions that can help clients drive their business forward while investing in innovation to bring new solutions to life.

China (8)Global Wealth Management

Global Wealth Management brings together the full power of Citi to serve the entire continuum of wealth clients, from affluent to ultra-high net worth to family offices.

History Of Citi

China

1902

The International Banking Corporation(IBC) opened a branch in Shanghai. The bank was known as the Hua Qi or "Flower Flag" Bank locally because the stars on the American flag that flew atop the branch looked like representations of flowers to the local community.

1920

The bank was one of the major foreign banks in China.

1983

Established an office in the Shenzhen special economic zone of China.

1991

Became the only U.S. bank with a branch in Shanghai.

1993

Citi was the first International bank to move its China headquarters to the mainland from Hong Kong.

2003

Received approval from People's Bank of China to provide custodial services for Qualified Foreign Institutional Investors(QFII) in China.

2005

Citigroup Tower in Shanghai became the headquarters for China franchise and opened a China Consumer Flagship Branch in the tower.

2006

Citi launched its first annual Global Community Day. Over 30,000 Citi China volunteers have participated in over 300 volunteering activities, contributing about 100,000 hours to the communities we live and work in, during the past 16 years.

2007

Granted approval by the China Banking Regulatory Commission to commence operations as a locally incorporated bank in April 2007, one of the first foreign banks to do so.

2009

Received regulatory approval to act as an interbank Bond Market Maker.

2013

Became one of the first two global banks approved to establish a presence in the Shanghai Free Trade Zone in China.

2017

Selected as an official Bond Connect Trading Dealer, received Type A Bond Settlement Agent license from the People's Bank of China and license from the National Association of Financial Market Institutional Investors to underwrite corporate bonds in China's interbank bond market.

2018

Awarded Futures Margin Depository Bank license by China Financial Futures Exchange, enabled Citi to provide futures margin deposit service to our QFII and RQFFII clients with a complete market access solution for China.

2019

Became the sole foreign bank in Shanghai and the Greater Bay Area to obtain approvals from State Administration of Foreign Exchange to carry on the Trade Facilitation Pilot Scheme.

2020

Became the first American bank to secure a domestic fund custody license from the China Securities Regulatory Commission, and was first bank among the top 5 global custodians to do so.

2021

Applied to set up a securities company in mainland China, as it will begin a new chapter focused on its institutional business.

Recent Awards and Recognition

Asiamoney

  • 2019-2021 Best International Corporate and Investment Bank in China
  • The Asset

  • 2015-2020 Best Bank in China - Global
  • 2015-2017 Best Corporate and Institutional Advisor in China – Global
  • FinanceAsia

  • 2019 Best International Bank - China Awards
  • FinanceAsia - China Awards

  • 2019 Best Equity and Debt Deals Buyside Financial Advisor on ‘Deal of the Year’
  • The China Charity Festival

  • 2020 Winner of the CSR Best Practice Award
  • The Fourth Social Responsibility Conference

  • 2021 Winner of Outstanding Responsible Company and Innovative Charity Award
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    China (2024)

    FAQs

    What is the old name of China? ›

    The earliest known name for China is "Zhongguo," which translates to "Middle Kingdom" or "Central State." This name dates back to ancient times and reflects China's view of itself as the cultural and political center of the world.

    Are US and China allies? ›

    They have significant economic ties and are significantly intertwined, yet they also have a global hegemonic great power rivalry. As of 2023, China and the United States are the world's second-largest and largest economies by nominal GDP, as well as the largest and second-largest economies by GDP (PPP) respectively.

    What is the full name of China? ›

    On October 1, 1949, Chinese Communist leader Mao Zedong declared the creation of the People's Republic of China (PRC).

    Why is China so important? ›

    The largest manufacturer and exporter of goods, China is sometimes called the “world's factory.” It is ranked as the world's largest economy and remains one of the fastest growing. About 241 million people work in agricultural jobs in China — and they rely heavily on the natural environment where they work and live.

    Does China have 5000 years of history? ›

    These oracle bones go back to 1200-1700 BCE (Li, 2002), which would make Chinese civilization 'only' 3200-3700 years old. This number is still extremely impressive, although it is more than a millennium short of the '5000 years' claim.

    Has the U.S. ever fought China? ›

    China and the US have fought each other four separate times: the Battle of the Barrier Forts (1856), the Boxer Rebellion (1899–1901), during the Korean War (1950–53), and unofficially, during the VietNam war.

    Are Japan and U.S. allies? ›

    First, Japan is firmly allied with the United States in the Cold War against communism. Second, Japan relies on American military strength and limits its own defense forces to a minimum. Third, Japan emphasizes economic diplomacy in its world affairs.

    Who are Russia's allies? ›

    These countries include Algeria, Kazakhstan, Tajikistan, Kyrgyzstan, Afghanistan, Laos, Pakistan, Ethiopia, Sudan, and Uganda. Russia also maintains positive relations with countries considered neutral on the world stage such as Brazil, Honduras, India, Turkmenistan, Uzbekistan, and Vietnam.

    Is China bigger than the US? ›

    Considering the total surface area of both countries including land and water, the United States takes up 9.8 million square kilometers while China has 9.6 million square kilometers, according to World Atlas.

    What do Chinese call themselves? ›

    Chinese people are known as Zhongguoren (traditional Chinese: 中國人; simplified Chinese: 中国人) or as Huaren (traditional Chinese: 華人; simplified Chinese: 华人) by speakers of standard Chinese, including those living in Greater China as well as overseas Chinese.

    What is the name of China in the Bible? ›

    In modern Hebrew, Sin (Hebrew: סין) is the word for China, just as modern Hebrew uses other ambiguous biblical place names for contemporary countries, such as Sfarad (Hebrew: ספרד) for Spain and Tzarfat (Hebrew: צרפת) for France.

    Is China a safe place to visit? ›

    China is generally a safe country to travel to, as long as you know where you're going and stay alert. China is visited by travelers from all around the world, and is of no danger to any person who understands local cultures and obeys local laws.

    How many Americans work in China? ›

    Americans in China (simplified Chinese: 在华美国人; traditional Chinese: 在華美國人; pinyin: zài huá měiguó rén) are expatriates and immigrants from the United States as well as their locally born descendants. Estimates range from 72,000 (excluding Hong Kong and Macau) to 110,000.

    What does China need from the US? ›

    In 2021, of $151.1 billion in the U.S. exports to China, the top commodity were Machinery and Mechanical Appliances (23.9% of the total U.S. exports), Agriculture (20.9%), and Chemicals, Plastics, Rubber and Leather Goods (16.6%).

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