U.S. giant Citibank and HSBC Holdings Plc, the world's two biggest banks by market value, have become the first foreign lenders to get their feet in the door of China's credit card industry.

The HSBC logo on its building at the financial Central district in Hong Kong, China, August 4, 2020 [File: Tyrone Siu/Reuters] Published On 22 Jul 2022 22 Jul 2022.