Story perspectives
Citigroup Wins China Approval to Launch Shanghai Securities Unit
By Drooid · · How we work
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Story summary
- Citigroup received China Securities Regulatory Commission approval to launch a wholly owned securities firm.
- The new entity, Citigroup Securities (China) Company Limited, will be headquartered in Shanghai.
- It will provide equities brokerage, underwriting, research, advisory and principal trading for domestic and foreign clients.
- Jane Fraser said the on-shore capabilities will help clients raise capital and reach investors.