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...

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