Citi Eyes China Brokerage Launch | Business and Finance News

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Recorded04 Sep 2026

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Citigroup is poised to get Chinese regulatory approval for its fully-owned brokerage business as early as this month, marking a major leap into China’s booming financial market — a move that could nearly double its staff to 100 by year-end. With U.S.-China talks looming and Beijing actively welcoming foreign firms, Citi aims to compete head-to-head with giants like JPMorgan and Goldman Sachs, offering A-share brokerage, underwriting, and research. The timing is strategic, as domestic markets surge with investment despite geopolitical friction — while Citi’s CEO pushes for profitability, the firm faces fierce competition from both global rivals and entrenched local players. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e582f31383ba01c8

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