Citi wins approval for wholly owned securities venture in China
C•Citigroup received approval to establish a wholly owned securities venture in China, expanding its onshore capital markets capabilities. The license will enable onshore underwriting and support securities and trading activities for corporate and institutional clients.
1. China securities venture
Citigroup received approval to establish a wholly owned securities venture in China. The securities license will enable onshore underwriting, complementing existing offshore capabilities, and support onshore securities and trading activities for corporate and institutional clients accessing Chinese capital markets.
2. Building local operations
Plans include building a local team and using Citigroup’s global network to support domestic capital market development.
