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C Nears China Brokerage License: Can Onshore Expansion Boost Growth?

Zacks Investment Research·
C Nears China Brokerage License: Can Onshore Expansion Boost Growth?

Citigroup is on track to receive final regulatory approval for a wholly owned China brokerage business by September 2026. The platform will offer A-share brokerage, underwriting, research, and principal trading services, enabling the bank to deepen client relationships and increase its investment-banking wallet share above 6%. This expansion aligns with Citigroup's OneCiti strategy and repositioning toward institutional banking in China following the sale of its consumer banking business to HSBC in 2024.

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