Wenjie Zhang

Citi China country officer and head of banking

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Last updated Oct 30, 2026

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Citi wins China approval for wholly owned securities unit

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China's securities regulator approved Citi's plan for a wholly owned securities firm in Shanghai on Oct. 23, ending a wait that began with an application in late 2021. Citigroup Securities (China) has 1.2 billion yuan (about $180 million) in registered capital.

Updated Oct 30