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--New York-based banking major Citigroup is preparing to establish a fully owned securities venture in China, Bloomberg reports, citing unnamed sources.
--According to Bloomberg, the bank is aiming to apply for a futures license as early as 1H 2020, after China's recent move to permit full foreign ownership of financial-services companies in the country.
Full story: bloom.bg/2ISzjun
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(END) Dow Jones Newswires
October 14, 2019 23:20 ET (03:20 GMT)
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