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Foreign banks in China launch ATM networks

October 11, 2006

Shanghai Daily:Citigroup Inc. has partnered with 7-Eleven licensee Guang Dong Sai Yi Convenience Stores Ltd. to install ATMs in select convenience stores in southern China. Citigroup is the first foreign bank to sign such a deal in China. Sai Yi has about 250 7-Eleven stores throughout the region.

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