Buy custom Citigroup In Post - WTO China
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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 713 |
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Citibank took pride in being one of the first foreign banks to get its "foot in the door" in China, which would help them to be the first to expand to other cities in China.
The two political groups that Citigroup had to deal with was China's regulatory agency, People's Bank of China (hereinafter referred to as PBOC) and the State Owned Banks (hereinafter referred to as SOE's)...
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The bureaucrats who ran the PBOC made many of the financial decisions. "Should the PBOC felt that Citigroup was too large, too ambitious or too successful in China, it might respond by putting the brakes on Citigroup's China expansion plans and giving early licenses to smaller, less threatening foreign financial institutions instead" (Pearce and Robinson, 2004, p...
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