Citi finally enters China's A-share market

Citi pairs up with Orient Securities to launch a securities joint venture in China.

Citi and Orient Securities yesterday jointly announced the official opening of their China securities joint venture, Citi Orient Securities.

Orient Securities has a 66.7% stake in the new entity, with the remaining 33.3% owned by Citigroup Global Markets Asia the biggest stake that foreign banks are allowed to own in Chinese securities joint ventures.

The Shanghai-based joint venture has registered capital of Rmb800 million and will engage in investment banking in the...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition