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Tuesday, Aug 21
2012, 4:48 AM
Citigroup (C) issues credit cards in China without co-branding from a domestic financial...
Citigroup (C) issues credit cards in China without co-branding from a domestic financial institution, becoming the first Western bank to do so as it looks to exploit the easing of regulations in the country. Citigroup's advantages, says Shanghai analyst Tang Yayun, are its "IT system, product innovation and brand awareness," although it lacks distribution channels in China."