Business · Companies · 4 hrs ago
Citi Seeks China Securities License as It Expands in the Country
Citigroup is expanding its operations in China, the world's second-largest economy.
The US lender is waiting for an onshore securities license.
It is counting on securing the license as part of its expansion.
The move comes after major consumer business exits across Asia by Citi.
The company is seeking a top position in China, though no further details of its plans are given.
Its next step depends on securing the license, and no decision timeline is stated.
Citigroup is seeking an onshore securities license in China.
The US lender is expanding its operations in the country.
Citi is counting on securing the license as part of that expansion.
The move follows a string of major consumer exits across Asia.
China is described as the world’s second-largest economy.
- Who
- Citigroup Inc.
- What
- It is seeking an onshore securities license in China.
- When
- Not stated
- Where
- China
- Why
- Not stated
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Company
- Citigroup Inc.
- License sought
- Onshore securities license
- Country
- China
- Published
- 2026-10-21
- Regional context
- A string of major consumer exits across Asia