Citigroup Case Study Essay
Citigroup Case Study
Citigroup in Post-WTO China
Lorenzo E. Pina
November 6, 2006
This summary provides a debate of the Citigroup Corporation. The main arguments, debated by Team E, discuss whether Citigroup has displayed adaptability on expanding its operations into China. The conclusion summarizes Team E agreement that Citigroup has displayed environmental adaptability in its attempt to expand operations in China.
Citigroup Case Study China has made it difficult for foreign banks to go into their country and offer their services by controlling their growth and only providing licenses for limited commercial …show more content…
No Adaptability to Expand Operations in China In 2002, Citibank obtained a license to be able to deal with foreign currency; however, it was only in one city. Citigroup has focused too much on banking services instead of focusing on the insurance market, which has been profitable to various U.S. companies in China. According to Li, Young and Conklin, "By 1995, AIG was a successful operation, generating annual premiums of U.S. $50 million, accounting for 88 percent of the market share for life insurance in