Citi: Plans to open two outlets in China on average each month

August 26 morning, according to foreign media reports, two Citigroup executives said in the fast-growing Asian market expansion, plans to open in the future average of two outlets in China each month, which is the limit allowed by regulators.　　And said there is no sale of stock issuance plan.　　Unlike other peers such as HSBC Holdings and Standard Chartered, Citigroup has no plans to sell shares or issue bonds in China to grow its financing, Reuters said.　　"With the globalization of the world, corporate strategy is increasingly focused on emerging markets, especially in fast-growing cities such as Shanghai," said Stephen Bird, chief executive of Citigroup Asia Pacific (bird). "The Greater China region is the future as the links between Hong Kong, Taiwan and mainland China expand." "Citi, the fourth-largest credit card issuer in Asia, plans to expand the number of branches in Hong Kong to 50 this year, and the number of outlets in China will increase from 29 to 38 by year-end."　　Citi opened a full-featured retail outlet this week at a subway station in Shanghai. "We plan to open two outlets per month," he said.　　Of course we want to achieve the maximum (the regulatory authority allows), "said Andrew Au, Citi's China chief executive, Auchulen.　　But he noted that Citi had no plans to list on the Shanghai Stock exchange and to issue renminbi-denominated bonds in China and Hong Kong because the bank had sufficient investment capital and ample liquidity. Other peers, including HSBC, Standard Chartered and Bank of East Asia, have expressed their plans to list in Shanghai when the rules are allowed, some of which are preparing to issue bonds locally. (Super Yan)