WASHINGTON – Citigroup Inc. is looking at a number of new investment opportunities in China, which it calls its No.1 investment priority area, its senior vice chairman said on Sunday.
“China is our No.1 investment priority,” William Rhodes, who is also chairman of Citicorp and Citibank, told Reuters at the Institute of International Finance luncheon on the fringes of International Monetary Fund and World Bank meetings.
Citigroup already owns 4.6 percent of Pudong Development Bank.
“We are looking at a number of new areas,” Rhodes said, adding interested areas include consumer banking and credit cards.
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