Citi: Opens New China Investment Banking Unit

Citi is set to expand its operations in China by establishing a new investment banking division, aiming for completion by the end of the year.

This move signals a significant growth in Citi’s Chinese market presence, building upon its existing services in corporate lending and banking.

The expansion follows the conditional approval of a brokerage license, allowing Citi to start recruiting for the new venture.

While Citi is advancing its footprint in China, other U.S. financial giants