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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.

Citi Expands Into China: Launching Investment Banking Division in Dynamic Financial Landscape. PHOTO: ALP/Newscom

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

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