日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

RSSNewsletterSiteMapFeedback

Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Finance Tools: Save | Print | E-mail | Most Read | Comment
Citigroup Plans to Spread Out
Adjust font size:

Citigroup Inc, the biggest US bank by assets, is planning to extend private banking services to more cities in China, including Guangzhou, capital of South China's Guangdong Province.

 

The bank, one of the first foreign institutions to offer the service targeting China's new rich in big cities such as Beijing and Shanghai, is looking to enlarge its customer base and increase the number of its specialized customer managers substantially from the current 13.

 

Both domestic lenders and their overseas rivals are vying to cash in on China's fast-growing army of new rich by providing customized financial services for the wealthy.

 

Launched at its first onshore office for the business in Shanghai last March, the bank opened a second one in Beijing this May, targeting people with at least $10 million.

 

"China will be our focus in the sector between this year and the next," said Andrew Tung, Citi Private Bank's managing director and global market manager for China.

 

"The sector has developed fast in the past two to three years and will keep growing rapidly. We are adopting a long-range method to develop this market in China," he said.

 

According to the latest research results by Rupert Hoogewerf, China has 150,000 super-rich with personal wealth of $5 million or more and their ranks are rising fast.

 

The researcher says 50 individuals in China have wealth of at least $1 billion, while 2,000 have over $100 million and 35,000 over $10 million.

 

The growing numbers of China's wealthy have interested both domestic and foreign private banking managers.

 

The Industrial and Commercial Bank of China, the nation's largest lender, and Standard Chartered Bank both showed interest in private banking.

 

But Tung said the shortage of qualified professionals is a handicap for banks to extend the business. "The lack of experienced people has been the biggest headache for the private banking business in the last two to three years and will be a major problem in future."

 

(China Daily August 17, 2007)

 

Tools: Save | Print | E-mail | Most Read

Comment
Username   Password   Anonymous
 
China Archives
Related >>
- Citibank Opens China's First Drive-through ATM in Beijing
- Citibank to Sell MetLife Investment Linked Insurance
- Foreign-Funded Banks Begin Business
- Citibank Launches Financing Innovation Forum for SMEs
- Citigroup to Focus on SMEs
Most Viewed >>
-Commercial banks allowed to access futures market
-WB cuts China's 2008 GDP growth to 9.6%
-Economic policy needs 'rethink'
-Coal reserves at China power plants up
-Macao's gaming market expands further

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright ? China.org.cn. All Rights Reserved E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號

主站蜘蛛池模板: 麻城市| 响水县| 汕尾市| 新干县| 鹤峰县| 新宾| 纳雍县| 大余县| 纳雍县| 平罗县| 巴林左旗| 松江区| 内丘县| 迁西县| 达日县| 荣昌县| 微山县| 新建县| 汪清县| 图片| 盈江县| 珲春市| 高淳县| 内黄县| 酒泉市| 龙泉市| 白河县| 舒兰市| 鄂托克前旗| 扶沟县| 北流市| 夏津县| 栾川县| 肇东市| 文安县| 乌兰浩特市| 南通市| 江川县| 上高县| 左贡县| 雅安市|