Citi wins approval for wholly owned securities venture in China

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

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