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Citigroup Insight: What’s Actually Going On?

Citigroup efforts to establish a wholly-owned securities business in China are experiencing delays.

What’s actually going on at Citigroup? Delays in China securities business and remote work for employees revealed. PHOTO: Håkan Dahlström / Flickr

The bank requires additional time to comply with China’s data laws, according to sources familiar with the matter. The start of the China securities business is now expected to be towards the end of 2024, at the earliest.

Although no specific timetable had been set, Citigroup had initially estimated that the necessary

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