Citi Gets Regulator Nod for Wholly Owned Securities Venture in China

A facts-only brief, written by a local AI model from this article in The Wall Street Journal, October 23, 2026. It may contain mistakes, and it is not the article: the full story is at wsj.com.

Chinese regulators granted Citi approval to establish a wholly owned securities firm in the country, concluding a review process that lasted nearly five years. The new entity, Citigroup Securities (China) Company Ltd., will be headquartered in Shanghai and provide capital markets services such as underwriting and equities brokerage to both domestic and foreign clients. Citi announced the decision from the China Securities Regulatory Commission on Friday, noting that the bank must still complete remaining statutory and regulatory procedures before commencing operations.

Background

• Citi chair and chief executive Jane Fraser stated that the onshore capabilities will assist clients in raising capital, accessing investors, and trading within the Chinese market.
• The new venture is designed to complement Citi’s existing offshore capabilities by supporting the onshore securities and trading activities of its corporate and institutional client base.
• The approval marks a significant step in Citi’s multi-year effort to deepen its presence in the Chinese financial sector.

Read the full article at wsj.com

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