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Citigroup Seeks China Brokerage Licence for Mainland Unit

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Sig2.55Sen+3.47Env0.00Soc+0.53Gov+0.84

Citigroup is expected to obtain Chinese regulatory clearance for its wholly owned mainland brokerage operation as early as this month, enabling A-share brokerage, underwriting, research and principal trading. The bank plans to recruit several dozen employees and potentially double staffing to about 100 by year end, building on a licence application filed in late 2021.

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