Citi to establish wholly owned securities venture in China
23 October 2026 China
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Citi has received approval from the China Securities Regulatory Commission (CSRC) to establish a wholly owned securities company in China, Citigroup Securities (China) Company Limited (CSCCL).
The onshore securities license will allow CSCCL to offer equities brokerage, securities underwriting, securities research, and principal trading services to domestic and foreign clients.
Headquartered in Shanghai, Citi explains CSCCL is its latest commitment to deepening its onshore presence in China.
Jane Fraser, Citi chair and CEO, comments: “Citi has been serving clients in China for nearly 125 years, and we appreciate the support from regulators to expand our offering in this important market.
“By adding onshore capabilities to our global platform, we will be able to do more for clients in China’s domestic capital markets, including helping them raise capital, access investors, and trade locally, while connecting them to opportunities around the world.”
CSCCL's offering of onshore capital markets services to both domestic and foreign clients, includes underwriting capital markets deals, equities brokerage providing direct access to China stock exchanges and other financial products, investment advisory, and trading of onshore listed shares, bonds, funds, and other financial instruments.
The firm reports it serves 70 per cent of Fortune 500 companies operating in China, works with several hundred large local corporate and public sector clients, and supports many more medium-sized enterprises.
Further, the firm explains it has served as a partner to Chinese clients for over a century having first established a local entity in the country in 1902.
Wenjie Zhang, Citi China country officer and banking head, says: “The securities company will be an important part of Citi’s strategy in China. It will enrich and enhance our capabilities to serve clients.
“We will be focusing on building a high-caliber local team and leveraging our global network to support domestic capital market development.”
The onshore securities license will allow CSCCL to offer equities brokerage, securities underwriting, securities research, and principal trading services to domestic and foreign clients.
Headquartered in Shanghai, Citi explains CSCCL is its latest commitment to deepening its onshore presence in China.
Jane Fraser, Citi chair and CEO, comments: “Citi has been serving clients in China for nearly 125 years, and we appreciate the support from regulators to expand our offering in this important market.
“By adding onshore capabilities to our global platform, we will be able to do more for clients in China’s domestic capital markets, including helping them raise capital, access investors, and trade locally, while connecting them to opportunities around the world.”
CSCCL's offering of onshore capital markets services to both domestic and foreign clients, includes underwriting capital markets deals, equities brokerage providing direct access to China stock exchanges and other financial products, investment advisory, and trading of onshore listed shares, bonds, funds, and other financial instruments.
The firm reports it serves 70 per cent of Fortune 500 companies operating in China, works with several hundred large local corporate and public sector clients, and supports many more medium-sized enterprises.
Further, the firm explains it has served as a partner to Chinese clients for over a century having first established a local entity in the country in 1902.
Wenjie Zhang, Citi China country officer and banking head, says: “The securities company will be an important part of Citi’s strategy in China. It will enrich and enhance our capabilities to serve clients.
“We will be focusing on building a high-caliber local team and leveraging our global network to support domestic capital market development.”
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