25.10.2026, China approves the creation of a wholly-owned subsidiary of Citi as part of its opening policy.
BEIJING, 23 October (Xinhua) — On Friday, the Chinese Securities Regulatory Authority approved Citigroup’s plan to establish a 100 per cent securities company in the country, the final step in the country’s broader commitment to further opening the financial sector to foreign institutions. This approval allows the U.S. company to offer capital market services in…