According to the Tianyancha App, recently, Citibank (China) Co., Ltd. underwent an industrial and commercial change, with Yuk Wah LAM stepping down as the legal representative and Lu Xuan taking over. The company was established in March 2007 with a registered capital of 3.97 billion RMB and is wholly owned by Citibank Limited in the United States.
According to reports, recently Citigroup announced the appointment of Lu Xuan as the President of Citigroup China. The Shanghai Regulatory Bureau of the State Administration of Financial Supervision has approved Lu Xuan's qualifications as the President and Director of Citibank (China). Lin Yuhua, the former President of Citigroup China, will retire soon.