Buy custom Citigroup's Adaptability in China Market Expansion
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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1180 |
Essay's paper body
However, since the China's membership Citigroup wants to expand it presence in China. China has unique environmental challenges, which include:
1. Banking regulations, which require new branches to have a minimum of $72 million in operating capital. This is up from 15.7 million, in order to do local retail business...
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This is up from 15.7 million, in order to do local retail business.
2. Fear of Citigroup becoming a competitive threat to China's struggling domestic banks, could cause the Peoples Bank of China (PBOC) to stop Citigroup's China expansion plans. Giving early licenses to smaller foreign financial institutions could do this...
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