Citibank has announced the launch of three capital-protected structured investment accounts in China, among them what the bank claims is the first renminbi-denominated structured investment account to be launched by a foreign bank in China. “Traditionally there has been a lack of local currency investment products for foreign customers, and we expect this new offering to fill a gap in the market,” said head of retail banking in China Anand Selva. The renminbi-denominated product is a one-year SI