Citi inks a China securities JV

Citi agrees to a joint venture with Orient Securities, moving it one step closer to being able to underwrite domestic equity and bond issues in China.

Citi inks a China securities JV

Earlier this morning in New York, Citi and Orient Securities signed a securities joint venture agreement to operate in the Chinese domestic market. The new JV will be called 东方花旗证券有限公司 in Chinese and Citi Orient Securities in English.

It is subject to regulatory approvals that people close to the deal say they hope might come as early as the first quarter of 2012.

Put simply, the JV means Citi can finally operate...

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