Citi China advances with the times to better serve clients' needs

During her more than two decades of service, Nancy Zhang, head of corporate banking and executive vice-president of Citi China, has seen tremendous business opportunities brought to foreign banks by the continued reform and opening-up in China.

When she joined Citi in the early 1990s, the bank had set up branches in Shenzhen, Shanghai and Beijing. At that time, Citi China was limited to only a few types of business due to license restrictions.

The department of financial institutions she worked for was basically focused on providing Chinese banks with a US dollar clearing service and settlement network for international trade. The other main type of business of the bank was to satisfy the investment demand and banking service needs of multinational corporations that entered China.