1) In December 23, 1996 the People’s Republic of China Central Bank (PBOC) decided Citibank permission to do local business, but subject to assured restrictions. Write down about those restrictions? What is the government of China’s anxiety with credit cards?
Put yourself in 1997 to reply this query: is any probability that Chinese government will permit Citibank to subject credit cards in China?
2) How could Citibank’s executives make sure that Citibank will maintain its “first mover” advantage? How could Citibank’s executives make sure that Citibank would be among first foreign banks to go into domestic market? If PBOC were to decide to open China’s retail market to other foreign banks before granting licenses to Citibank, how could Citibank set up its dominant position in this market?