Citigroup Inc. has implemented for a securities license in China, in line with an individual conversant in the subject, because the New York-based banking massive eyes a larger presence on this planet’s second-largest economic system.

The financial institution lately submitted its software to the China Securities and Regulatory Fee, the individual stated. Citigroup could also be making plans to use for a futures license within the coming months and intends to rent round 100 folks in mainland China within the subsequent two years to beef up its growth onshore, the individual added.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here