Mandates and payments roundup, August 16

Citi opens new sub-branch in Shanghai

Citibank China has opened a new sub-branch located in the Jingan district of Shanghai. The new smart banking outlet is Citi’s eleventh consumer outlet in the city and brings the bank’s total consumer outlets to 40 in mainland China.

“We have more sub branches in Shanghai than any other Chinese city, and we are delighted to be introducing another smart banking outlet to Shanghai, making banking easier than ever before for our growing customer base,” said Simon Chow, country business manager at Citibank China.

Citi’s smart banking outlets offer Citi Explore, Connect and Assist services on top of...