... the foreign companies but also with government itself. Regarding the professionalism for example, the managers of the PBOC implemented the Citibank audit procedures to the institution so that China could have a top of the art process of audit for its financial institution. The collaboration with the Chinese authorities should even go further since the bank with its long term policy is becoming a key player in the Chinese banking system. The bank can also take advantage of its highly efficient structure compared to the Chinese banks rotten with bad loans. Eventually, we should quote the substantial part that financial and technological innovations play in the strategy of the group. Though inappropriate to the old current Chinese system, we can assume that a future overhaul of the Chinese banking system may happen. If so, Citibank would have already the IT structure to meet the new Chinese market expectations. But Citibank ...

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