Citigroup Looks to Set Up Securities Business in China -Bloomberg

Date : 10/15/2019 @ 3:35AM
Source : Dow Jones News
Stock : Citigroup Inc (C)
Quote : 73.91  0.0 (0.00%) @ 12:00AM

Citigroup Looks to Set Up Securities Business in China -Bloomberg

Citigroup (NYSE:C)
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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

 

Write to Singapore editors at singaporeeditors@dowjones.com

 

(END) Dow Jones Newswires

October 14, 2019 23:20 ET (03:20 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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