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Citigroup's China Bank Plans Stalled by Data Law

FILE PHOTO: The Citigroup Inc logo is seen at the SIBOS banking and financial conference in Toronto

Dancing on the Tightrope of Business and Law: A Citigroup China Tale

Imagine a glorious phoenix, ready to unfurl its wings in the fiery morning sky, but shackled to the ground by chains of regulations, law, and intrigue. This isn't a scene from a fantasy saga; this is the real-life corporate tale of the Citigroup China investment bank, a bird ready to take its exciting flight only to find its journey delayed by an unseen data law hurdle.

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