{"id":12026,"date":"2007-04-03T00:10:05","date_gmt":"2007-04-03T07:10:05","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/2007\/04\/03\/hsbc-other-banks-mark-entry-into-china-elaine-kurtenbach\/"},"modified":"2007-04-03T00:10:05","modified_gmt":"2007-04-03T07:10:05","slug":"hsbc-other-banks-mark-entry-into-china-elaine-kurtenbach","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2007\/04\/hsbc-other-banks-mark-entry-into-china-elaine-kurtenbach\/","title":{"rendered":"HSBC, Other Banks Mark Entry Into China &#8211; Elaine Kurtenbach"},"content":{"rendered":"<p>\nFrom the Associated Press:\n<\/p>\n<blockquote><p>\nCitigroup, HSBC and other foreign banks marked their local incorporation in China on Monday, a rite of passage after years of biding their time on the sidelines of one of the world&#8217;s fastest growing financial markets.<\/p>\n<p>Citigroup Inc. and Britain&#8217;s HSBC Holdings PLC were among four foreign banks approved to incorporate local subsidiaries, a step toward entering the local retail banking market. Until recently, most banks could handle only limited local currency business and international banking.<a href=\"http:\/\/hosted.ap.org\/dynamic\/stories\/C\/CHINA_FOREIGN_BANKS?SITE=FLPEJ&#038;SECTION=HOME&#038;TEMPLATE=DEFAULT\">[Full text]<\/a>\n<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>From the Associated Press: Citigroup, HSBC and other foreign banks marked their local incorporation in China on Monday, a rite of passage after years of biding their time on the sidelines of one of the world&#8217;s fastest growing financial markets. Citigroup Inc. and Britain&#8217;s HSBC Holdings PLC were among four foreign banks approved to incorporate [&hellip;]<\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[487,2276],"class_list":["post-12026","post","type-post","status-publish","format-standard","hentry","category-economy","tag-banking","tag-foreign-banks","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>HSBC, Other Banks Mark Entry Into China - Elaine Kurtenbach<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/chinadigitaltimes.net\/2007\/04\/hsbc-other-banks-mark-entry-into-china-elaine-kurtenbach\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HSBC, Other Banks Mark Entry Into China - Elaine Kurtenbach\" \/>\n<meta property=\"og:description\" content=\"From the Associated Press: Citigroup, HSBC and other foreign banks marked their local incorporation in China on Monday, a rite of passage after years of biding their time on the sidelines of one of the world&#8217;s fastest growing financial markets. 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