Citi China Microentrepreneurship Award Winners Announced in Beijing

The China Banking Association (CBA)
The China Banking Association (CBA) is a national banking self-governing organization and is a non-profit institutional legal entity registered with the Ministry of Civil Affairs with the approval of the China Banking Regulatory Commission. National financial institutions within banking sectors established with the approval of China Banking Regulatory Commission with independent legal entity qualification, as well as foreign financial institutions operating in China may apply to join the Association. The Association aims to promote the members' common interests by complying with the Constitution, laws, regulations, economic and financial policies, fulfilling the functions of self-discipline, protection of rights, coordination and service with due diligence in accordance with Law of the People's Republic of China on Commercial Banks, Law on the People s Bank of China, Law of the People's Republic of China on Banking Regulation and Supervision, protecting the legal rights and benefits of the banking sector, maintaining the market order of the banking sector, improving the quality of the banking practitioners, improving service level and promoting healthy development of the banking sector. Please visit www.china-cba.net for more information.

Citi China
Citi first established an office in China on May 15, 1902, in Shanghai. Today Citi is the premier international bank operating in China, offering the broadest product range of any foreign bank in China. Citi currently operates seven corporate & investment bank branches – Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Chengdu and Hangzhou, twenty consumer bank outlets in Shanghai, Beijing, Tianjin, Guangzhou, Shenzhen, Chengdu and Hangzhou. With operations in more than 100 countries around the world, Citi is the most global of all international banks in China.

Citi
Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com.

Citi Foundation
The Citi Foundation supports organizations that help people improve their lives, businesses to grow, and communities to prosper around the world. The Citi Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs. Additional information can be found at http://www.citigroupfoundation.com/.


	Printer Friendly Page		FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) October 26, 2007 Citi China Microentrepreneurship Award Winners Announced in Beijing Beijing – Citibank (China) Co. Ltd. ("Citi") and the China Banking Association today announced the winners of the third annual Microentrepreneurship Awards in China. The awards recognize and support the entrepreneurial skills and contribution of China's most outstanding microentrepreneurs, and raise awareness of the power of microfinance to build prosperity. This year a total of 198 applications for the awards were received from around China. After several rounds of screening and field trip interviews, a total of 107 participants were selected as winners across seven categories and three special awards. Mdm. Wu Xiaoling, Vice Governor of People's Bank of China said: "The facts tell us that microfinance is such a powerful mechanism for empowerment and poverty reduction because it unleashes the drive of the poor to improve their own lives and grow out of deprivation. We should create and provide an environment that fosters the healthy development of microfinance. We should establish a financial inclusion system that provides financial services to all walks of life and that promotes the development of a harmonious society." Mr. Richard Stanley, Chairman of Citibank (China) Co. Ltd., noted, "As a locally incorporated bank in China, Citi remains deeply committed to making a positive and significant contribution to the wider community, and we are proud of our longstanding support of microfinance development in China. Citi warmly congratulates all of the winners of this year's awards program, and we look forward to continuing to be a key supporter of microfinance in China in the future." The 2007 awards were announced at a ceremony held at the Media Center in Beijing. T he ceremony was attended by Mme. Wu Xiaoling, Vice Governor of People's of Bank of China, Mr. Richard Stanley, Chairman of Citibank (China) Co. Ltd. and CEO of Citi China, Mr. Jiao Jingpu, Deputy Director General, Research Bureau of People's Bank of China, Mr. Guo Jing, Secretary General, China Banking Association, China Banking Association, Ms. Wang Weili, Deputy Director General, China International Center for Economic and Technical Exchanges, Ministry of Commerce, and Mr. Mao Yushi, renowned economist. Prizes were awarded according to the following categories: Rural Agriculture and Animal Husbandry; Rural Non-Agricultural; Urban Trade; Urban Processing; Urban Services; Urban Loan Officer; and Rural Loan Officer. A number of special prizes were given, including those for Most Innovative Microentrepreneur and the most outstanding Environmental Microentrepreneur as well as a prize to the Microentrepreneur that had done most to help less advantaged individuals to improve their lives. The 2007 awards were facilitated by a multi-member team led by the China Banking Association and Citi, and also involved: the China Association of Microfinance [CAM-Rural Development Institute (RDI)/CASS; China International Center for Economic and Technical Exchanges (CICETE)/Ministry of Commerce, and the Department of Women's Development of All-China Women's Federation]; China Foundation for Poverty Alleviation; Employment and Training Department of the Ministry of Labor and Social Security, and The China CMA Student Alliance. The Awards were also supported by an Advisory Council, whose distinguished members include: Mdm. Wu Xiaoling, Vice Governor of PBOC, Mr. Yi Xiaozhun, Vice Minister, Ministry of Commerce, Ms. Zhen Yan, Secretary General of All-China Women's Federation, Mr. Mao Yushi, renowned economist, Mr. Wu Jinglian, Renowned Economist, and Mr. Renaud Meyer, UNDP Deputy Resident Representative. After more than seven months, the final winners were selected by a Judging Committee consisting of several eminent dignitaries in Chinese microcredit, including: Mr. Jiao Jinpu, Deputy Director General, Research Bureau of PBoC Mr. Li Yiqi, Deputy Secretary General, China Banking Association Ms. Su Guoxia, Research Fellow of Policy Research Institute of Poverty Alleviation Office, State Council Ms. Cui Yu, Director General, The Dept of Women's Development, All-China Women's Federation Mr. Wen Tiejun, Professor, School of Agricultural Economics and Rural Development of Renmin University Ms. Wang Li, Director, CSR, Citi China Mr. Sheldon Xie , Clinton Foundation China Office Prof. Du Xiaoshan, Deputy Director, Rural Development Institute (RDI), Chinese Academy of Social Sciences Mr. Li Zhanwu, Chief, Training and Employment Dept, Ministry of Labor and Social Security Mr. Liu Dongwen, Director, Microfinance Dept, China Foundation for Poverty Alleviation Mr. Wang Shuguang, Professor, School of Economics, Beijing University Mr. He Guangwen, Professor, School of Economics and Management, Agriculture University Citi is one of the leading corporate supporters of microfinance and microenterprise development in China. In 2004, Citi made a US$1.5 million grant to the Chinese Academy of Social Sciences to help establish the China Microfinance Training Center and the China Association of Microfinance. The Citi Foundation-funded China Microfinance Training Center aims to support the sustainable development of the Chinese microfinance sector by providing systematic and practical training courses to microfinance practitioners in China. The training center will train more than 1,000 management and staff from Microfinance Institutions by 2009 and the association is providing a knowledge and information hub to support the development of the microfinance sector in China. # # # The China Banking Association (CBA) The China Banking Association (CBA) is a national banking self-governing organization and is a non-profit institutional legal entity registered with the Ministry of Civil Affairs with the approval of the China Banking Regulatory Commission. National financial institutions within banking sectors established with the approval of China Banking Regulatory Commission with independent legal entity qualification, as well as foreign financial institutions operating in China may apply to join the Association. The Association aims to promote the members' common interests by complying with the Constitution, laws, regulations, economic and financial policies, fulfilling the functions of self-discipline, protection of rights, coordination and service with due diligence in accordance with Law of the People's Republic of China on Commercial Banks, Law on the People s Bank of China, Law of the People's Republic of China on Banking Regulation and Supervision, protecting the legal rights and benefits of the banking sector, maintaining the market order of the banking sector, improving the quality of the banking practitioners, improving service level and promoting healthy development of the banking sector. Please visit www.china-cba.net for more information. Citi China Citi first established an office in China on May 15, 1902, in Shanghai. Today Citi is the premier international bank operating in China, offering the broadest product range of any foreign bank in China. Citi currently operates seven corporate & investment bank branches – Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Chengdu and Hangzhou, twenty consumer bank outlets in Shanghai, Beijing, Tianjin, Guangzhou, Shenzhen, Chengdu and Hangzhou. With operations in more than 100 countries around the world, Citi is the most global of all international banks in China. Citi Citi, the leading global financial services company, has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Citi's major brand names include Citibank, CitiFinancial, Primerica, Citi Smith Barney and Banamex. Additional information may be found at www.citigroup.com or www.citi.com. Citi Foundation The Citi Foundation supports organizations that help people improve their lives, businesses to grow, and communities to prosper around the world. The Citi Foundation focuses its grants primarily in three areas: financial education, educating the next generation, and building communities and entrepreneurs. Additional information can be found at http://www.citigroupfoundation.com/.