1983
Re-entered China with a representative office in Shenzhen
1984
Opened Beijing representative office
1985
Opened Shanghai representative office
1988
Shenzhen representative office upgraded to branch
1991
Upgraded representative office in Shanghai to full branch status
1993
The first international bank to move its China headquarters to the mainland from Hong Kong
Beijing representative office upgraded to branch (1995)
1998
The first international bank to offer integrated nationwide Renminbi (RMB) cash management
Opened Guangzhou branch
1999
The first international bank to establish a centralized customer service center
2002
The first international bank to open a retail banking business
Entered into strategic alliance with Shanghai Pudong Development Bank
First international bank to be granted an FX license
Established a software and technology center in Shanghai
2003
The first international bank to receive a custodian bank license
Cleared first trade in the qualified foreign institutional investor (QFII) system
The first international bank to offer foreign currency investment products to Chinese consumers
Opened Tianjin Branch
2004
The first international bank to launch co-branded dual currency credit card
Obtained derivatives license (2004)
The first international bank to receive approval to establish an insurance JV
The first international bank to arrange a local FI syndication
2005
Opened Chengdu branch
Granted Beijing RMB license, RMB forward license, license to be inter-bank RMB market maker
2006
The first international bank to open an onshore private banking office
The first international bank to receive QDII license and approval to offer custodian service
The first international bank to open an ATM at the Great Wall of China
Led the consortium that acquired an 85.6% stake in Guangdong Development Bank
Received approval to take term deposits of RMB1 million+ from PRC citizens
2007
Locally incorporated
Established Financial Back Office Operations and Processing Centers in Shanghai,Dalian,Guangzhou and Zhuhai
Launched RMB services to local residents
Opened Hangzhou branch
The first international bank to launch investment-linked insurance
First bank in China to offer QDII products investing in global mutual funds
2008
Opened Dalian branch
Launched RMB debit cards
Opened first lending company in Gong'An, Hubei Province
2009
Opening of Hangzhou Huanglong Sub-branch
Opening of Citi Hubei Chibi Lending Company
Launch of a new global foreign exchange e-commerce platform for professional traders, CitiFX Velocity.
Received regulatory approval to act as an interbank bond market maker.
Opens third lending company in Dalian Wafangdian
Launches unsecured personal loan in Beijing
The first international bank in China to launch mobile banking service
Opening of Chongqing Branch, represents Citi's ninth branch in China
2010
Citibank, in partnership with Henderson, becomes the first bank in China to offer a suite of QDII property equity funds
Citi Joins as a Global Sponsor and Exclusive Bank of USA National Pavilion at 2010 Shanghai World Expo
Citi expands small business offering in China, introduced integrated relationship model for small business owners
Citibank launches "Citigold Private Client" services in China
Citibank first bank in China to open full service consumer outlet in Metro System
Citigroup expands global support for Chinese clients, China Desks opened in major regions
First international bank in China to open a branch in Guiyang
Global coordinator and joint lead for Sinochem US$2 billion global bond issue, the largest ever offshore bond from a Chinese corporate
2011
Citi and China UnionPay expanded partnership to enable Citibank merchants to accept UnionPay cards in 7 Asian countries
Opening of Nanjing Branch, Citi's eleventh in China
Citigroup and Orient Securities sign China securities JV agreement
Opening of Changsha Branch, Citi's twelfth branch in China, and the first international bank to offer consumer banking services in Changsha
Citibank the first bank to offer a Variable Annuity product in China
2012
Opening of the Flagship Branch and the first Citigold Private Client Center on Nanjing Road in Shanghai
Official launch of Citi Orient Securities
Citibank the first international bank to launch a proprietary credit card business in China
2013
One of the first two foreign banks approved to prepare for a Sub-branch in the China (Shanghai) Pilot Free Trade Zone (FTZ)
Launch of Local Mutual Fund business
Leadership in RMB cross-border treasury management with a number of market-first solutions, including automated RMB cross-border pooling, Multi-Currency Cash Pooling, RMB cross-border lending and RMB capital injection
The first bank to offer mobile collection in China with Citi® Mobile Collect
2014
Citi pioneered automated RMB cross-border pooling in Shanghai Free Trade Zone
Citi officially opened in China (Shanghai) Pilot Free Trade Zone
Citibank and AIA launched landmark bancassurance partnership in mainland China, introduced a first-to-market joint life annuity product
Citi China successfully connected with the second generation of China National Advanced Payment System ("CNAPSII"), making it one of the first foreign banks doing so in Shanghai
Citi successfully executed China's first China-London cross-border automatic cash transfer business
2015
Citi China launched Free Trade Accounting Unit (FTU) business in its Shanghai Free Trade Zone (SFTZ) Sub-branch
Citi China became one of first banks participating in China's new Cross-border Interbank Payment System (CIPS)
Inaugural Citi-AIA China Retirement Readiness Index and Insight Report Reveals
2016
Citi launched its first Hong Kong fund approved for distribution in China mainland - JPM Asia Total Return Bond Fund
Citi Prestige credit card launched in China, catering to high-end business travelers’ spending and lifestyle needs
2017
Citi China received Type A Bond Settlement Agent license from the People’s Bank of China (PBOC) to act as a bond settlement agent in the China Interbank Bond Market (CIBM), became the first American bank to be granted such a license
Citi China launched Asset Management Scheme Product with Haifutong Asset Management Co., Ltd., became the first foreign bank launched "domestic + overseas" hybrid asset management scheme product in China
Citi China selected as an official Bond Connect Trading Dealer by the People’s Bank of China (PBOC) to serve the “Northbound Link”, became the first and currently only American bank to be granted such status
Citi China received approval and license from the National Association of Financial Market Institutional Investors (NAFMII) to underwrite corporate bonds in China’s interbank bond market
Citi China distributed the first-ever multi-asset “Northbound” MRF
Citi held Belt and Road client forum in Beijing
Citi China became the first foreign bank in China to launch E-draft Host-to-Host solution
2018
Citi China first to deploy free speech voice biometrics authentication, “voice as password” technology for enhanced customer experience
Citi China received the Futures Margin Depository Bank (FMDB) license from the China Financial Futures Exchange (CFFEX) to act as a Futures Margin Depository Bank (FMDB) in the China Futures market for clients
Beibei Li appointed Citi Belt and Road Head, targeting the growth opportunity along BRI trade corridors
Citi China leads the market to launch Citi Virtual Card Accounts helping corporates to enhance security and efficiency
2019
Citi China became one of first banks piloting project to facilitate foreign exchange receipts and payments in Shanghai
Citi China successfully connected with NetsUnion Clearing Corporation (NUCC) to support corporate incoming credit function
Citi China and Fidelity Investments jointly launched China's first QDII “global population trend” fund to explore wealth management in the population field
Citi Appointed as depositary bank for Huatai Securities’ GDR program, pilot client of the Shanghai-London Stock Connect initiative
Citi China became the only foreign bank among the first batch of pilot banks in the Greater Bay Area in implementing the Trade Facilitation Pilot Scheme
Citi unveiled new Citigold Private Client experience in China, revamped value proposition better serves China’s HNW customers’ banking needs
