Citigroup plans to set up wholly owned securities business in China

Citigroup plans to set up wholly owned securities business in China

Photographer: Chris Ratcliffe/Bloomberg

Citigroup Inc., which is dissolving its investment-banking joint venture in China, is now planning to set up a wholly owned securities business in the world’s second-largest capital market, according to people with knowledge of the matter.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter