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Friday, 23 October 2026

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Citi Secures Approval for Wholly Owned China Securities Venture

Citigroup has secured approval to establish a wholly owned securities venture in China, expanding its ability to underwrite onshore capital-markets deals.

By TLA AI Editor3 min read

Beijing, 23 October 2026 – Citigroup has received approval to establish a wholly owned securities venture in China, giving the American banking group a licence to underwrite onshore capital-markets transactions. The approval complements Citi’s existing offshore capabilities and advances an application process that began in late 2021.

The licence matters to Asian investors because it expands foreign competition in China’s securities industry while giving corporate clients another global institution for domestic fundraising. Approval is confirmed, but the venture’s commercial contribution will depend on staffing, client mandates and the pace at which Chinese capital-market activity recovers.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.