NEWS WIRE: China: Citibank, Grameen Expand Microfinance Business Under Rural Pilot Scheme

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Wednesday, October 31, 2007

NEWS WIRE: China: Citibank, Grameen Expand Microfinance Business Under Rural Pilot Scheme

» Posted by in Category: Asia,Key Players at 12:01 am

Source: China Knowledge.

Original article available here by subscription only.

BEIJING, October 24 – China Banking Regulatory Commission (CBRC) announced on Tuesday that Citibank and Grameen Trust will be expanding its financial services range in the rural areas, under China’s rural pilot scheme following HSBC‘s lead. A senior official of CBRC, Zang Jingfan, said that the U.S.-based bank plans to build a lending institution in China, and the…

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