Citigroup Applies for China Securities Licence: WSJ

Citigroup is seeking a securities licence in China as the US bank eyes a bigger presence in the world’s second largest economy, The Wall Street Journal reported on Friday.

The bank applied recently to the China Securities and Regulatory Commission and is also seeking a futures licence, the report said, citing a source. Citigroup plans to hire about 100 people in China over the next two years to support its expansion.

Read the full report: The Wall Street Journal.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years.