Last year, Citigroup announced its global strategy refresh and intention to exit consumer banking in 14 markets, including mainland China. Since then, we have been providing our clients with the same services they have always enjoyed. Your support and trust have been instrumental throughout.
As we previously mentioned, the strategy refresh will take time. At present, we are making steady progress in the process involving mainland China, and will continue do so and update you at the earliest possible opportunity.
We would like to take this opportunity to reiterate that Citi’s institutional business is not affected. We will continue to roll out new services to support the long term development of corporate and other institutional clients in China, financing an innovative and sustainable future for all.
Thank you again for placing your trust in us!
Citibank (China) Co., Ltd.
March 31, 2022