Citicorp has applied to Chinese banking authorities to upgrade its representative office in the southern Chinese city of Guangzhou to a branch.

If the move was approved, Citicorp would have five branches in China, the largest network among U.S. banks.Citicorp now has branches in Shenzhen, Shanghai, Beijing, and Pudong, the new Shanghai financial district. The bank also has representative office in Xiamen.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.