CSRC Approves Citi’s Wholly Owned Securities Firm
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On October 23, 2026, Fintech News Hong Kong reported that the China Securities Regulatory Commission (CSRC) had approved Citi to establish a wholly owned securities company in mainland China, Citigroup Securities (China) Company Limited (CSCCL), headquartered in Shanghai. The report said Citi still needs to complete the relevant legal and regulatory procedures. Once completed, CSCCL will provide domestic and overseas clients with stock brokerage, underwriting, research, and proprietary trading services, and connect directly to China’s stock markets. The report did not specify when the procedures would be completed.
AI-written from reports · updated 2 hours ago
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- Fintech News Hong KongCSRC approves Citi to establish a wholly owned securities firm in mainland China
The China Securities Regulatory Commission (CSRC) has approved Citi to establish a wholly owned securities firm in mainland China, Citigroup Securities (China) Company Limited (CSCCL), headquartered in Shanghai. Citi still needs to complete the relevant legal and regulatory procedures, after which CSCCL will provide brokerage, underwriting, research, and proprietary trading services to domestic and international clients, with direct access to China’s stock markets.
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