Citi urged to expand in China
A top Chinese banking regulator said US investment bank Citigroup should "absolutely" be expanding its operations in the Asian giant, according to a media report Wednesday.
Citigroup's China unit was "very prudent and careful" during the global financial crisis and now should extend its network here, Yan Qingmin, director of the Shanghai branch of the China Banking Regulatory Commission told the Wall Street Journal.
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