China Financial Daily

May 27, 2009

Citigroup says no intention to sell the bank’s shares in China and India

Filed under: Financial News — Tags: — lily @ 5:11 am -0700

Citigroup says no intention to sell the bank’s shares in China and India
According to the British “Financial Times” reported Wednesday, Citigroup (Citigroup) is responsible for Asian business people yesterday ruled out the sale of the bank’s stake in Bank of China and the possibility of India. Prior to market speculation that Citigroup may be forced to follow the example of some Western banks, huge profits through the sale of Bank of China (601,988, it shares) of shares to raise funds.阿贾耶CEO of Citigroup Asia-Pacific region • class (Ajay Banga) that , the bank also plans to expand the scope of the Asia-Pacific region business loans, despite the current economic situation “challenging.” Citigroup owns 20% of Guangdong Development Bank’s shares and management control, Guangdong Development Bank business focuses on the core of China’s southern industrial zone, while Citigroup Shanghai Pudong Development Bank holds 3.75% stake.

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