The Dalian Verdict: A groundbreaking victory by Citibank in China is nothing short of a revolution
Feb 04,2000

by Lotte Chow


By all accounts, Citibank Shanghai did a good job for Wafangdian Ballbearing Group in Dalian, northern China. Back in 1996 when the ballbearing manufacturer wanted an investment bank to help it formulate a financial plan to raise funds, Citibank Shanghai offered help. The bank found a bonafide investor for Wafangdian and steered the company to a successful IPO on the Shanghai Stock Exchange. The once cash-strapped company suddenly became cash-rich.


To read more, please click here.

share this: