Citigroup Secures China Securities Venture License After Nearly Five-Year Wait

China approves Citigroup's $C plan to establish a fully-owned securities unit, marking a major regulatory breakthrough following nearly five years of negotiations. The license expands Western financial firms' direct access to China's capital markets.

The move signals Beijing's willingness to deepen financial sector openness amid ongoing trade tensions and reflects confidence in structured foreign participation ahead of broader market reforms.

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