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Founded in the United States in 1812, Citigroup is a well-known foreign bank affiliated to Citigroup. Citigroup, a financial enterprise integrating commercial bank / investment bank / insurance / mutual fund / securities trading and many other financial service businesses in China, has a history dating back to May 1902. It is an early American Bank opened in China. In April 2007, Citi became one of the international banks registered as a local corporate bank. Citibank (China) Co., Ltd. is wholly owned by Citibank of America Co., Ltd. At present, Citi has branches in 13 cities (Beijing, Changsha, Chengdu, Chongqing, Dalian, Guangzhou, Guiyang, Hangzhou, Nanjing, Shanghai, Shenzhen, Tianjin and Wuxi). Citi, which operates in more than 160 countries and regions, is a global international bank in China. Citigroup's history can be traced back to several institutions engaged in financial services at that time. First, the city bank of New York, founded in 1812 in the United States, was a pioneer in trade financing. The other major predecessors of the group are the securities brokerage company established by Charles D. Barney in Philadelphia in 1873 and a securities company established by Edward B. Smith in Philadelphia in 1892. In 1910, Solomon, another predecessor of Citi, was founded in New York as an industrial bond dealer, and later developed into a bond exchange. In 1998, Citibank Group merged with traveller group for us $70 billion. Under the trademark of Citi red umbrella, many brands gathered, including Citibank, traveller, Meibang, CitiFinancial (formerly: commercial credit) and Primerica. The integration of these enduring brands enables the group to provide banking services, from personal banking services to corporate and investment banking services, insurance, securities brokerage, private banking and asset management. Citigroup is a financial service group with large assets, large profits, high global chain and complete business categories in the world. It was formed by the merger of Citigroup and traveller group in 1998, and was listed on a new stock market in the same period. After the change of listing, Citigroup used the methods of issuing new shares to raise funds for stock market acquisition or directional equity replacement to carry out large-scale equity operation and expansion, and carried out Citi style strategic output and global business integration for the acquired enterprises, becoming a financial group integrating commercial banks, investment banks, insurance, mutual funds, securities trading and many other financial services in the United States 。 The combined Citigroup has a total assets of $700 billion, a net income of $50 billion, 100 million customers in 100 countries and 60 million credit card customers. Citigroup serves more than 200 million customers in more than 100 countries. Each customer can get financial services such as savings, credit, securities, insurance, trust, fund, financial consultation, asset management, etc. from any Citigroup business site. Therefore, Citigroup's customer relationship service network is an invaluable resource for Citigroup.

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