trending Market Intelligence /marketintelligence/en/news-insights/trending/tJeSI44V74vkSNd7S5_MRA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: Citigroup to set up wholly owned securities business in China

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go


Report: Citigroup to set up wholly owned securities business in China

Citigroup Inc. plans to set up a wholly owned securities business in China, Bloomberg News reported, citing people familiar with the matter.

The bank initially would focus on brokerage and futures trading, while expanding its custodian services in China. According to the report, the final decision has not been made yet, but the New York-based bank plans to apply for a futures license, possibly in the first half of 2020.

Rival JPMorgan Chase & Co.'s unit JPMorgan Asset Management raised its stake to 51% in its Chinese joint venture in August.

"Citi continues to evaluate opportunities to further support its clients in China," the bank said in an emailed statement to Bloomberg News. A bank spokesman declined to give further details to the news outlet.

As part of the plan, Citigroup would focus on facilitating capital raises with local clients and helping them make acquisitions overseas through the bank's Hong Kong branch.

So far, the bank does not plan to offer onshore investment-banking services due to the high costs involved, the report said. Moreover, while the bank has a custody business for overseas entities, it would need a separate license for onshore investors.

The development comes as China has been opening up its financial sector to foreign investors.