Policy·October 23, 2026 at 5:04 AM EDT·2 sources
Citi Gets Regulator Nod for Wholly Owned Securities Venture in China
C -1.5%
C · last 30 trading days-2.6% since the news
News
What happened
- Citi received approval from Chinese regulators to establish a wholly owned securities company in China.
- The approval marks a milestone in Citi’s yearslong effort to expand its presence in the country.
Why it matters
The approval is relevant to financial-services professionals tracking foreign-bank access, China’s securities market and Citi’s regional strategy.
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Timeline
- EarlierOct 20Treasuries Losing Luster as Hedge Tool, Citi Australia CEO Says
- EarlierOct 21Citi Targets Top Spot in China as It Awaits Securities License
- EarlierOct 22Citi ECM Chief Sees Near-Term IPO Caution on Neocloud Wobbles
- EarlierOct 22Citigroup Inc.: Executive or director change
- First reported by The Wall Street JournalOct 23Citi Gets Regulator Nod for Wholly Owned Securities Venture in China
- Financial Times reportsOct 23Citi wins long-awaited approval for China securities business
Sources (2)
- The Wall Street JournalOct 23Citi Gets Regulator Nod for Wholly Owned Securities Venture in China
- Financial TimesOct 23Citi wins long-awaited approval for China securities business
Related
- Oct 22 · Citigroup Inc.: Executive or director change
- Oct 22 · Citi ECM Chief Sees Near-Term IPO Caution on Neocloud Wobbles
- Oct 21 · Citi Targets Top Spot in China as It Awaits Securities License
- Oct 20 · Treasuries Losing Luster as Hedge Tool, Citi Australia CEO Says
- Oct 19 · Citi’s Manthey Sees French Equities Volatile Beyond April Vote
- Oct 16 · U.S. raises Mastercard, Citigroup China market access in bilateral Bangkok talks, official says
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