Guangfa Bank
Citi Sells Stake in China Guangfa Bank for US$3bn
| Marcel Woo | | Mar 01, 2016 02:41 AM EST |
Citigroup, an American multinational investment banking and financial services corporation, has sold its 20 percent stake in China Guangfa Bank for US$3 billion, joining a list of western banks that have pulled out from investments in China's banking sector.
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