EconomyCiti CEO Jane Fraser upbeat on China expansion after securities firm approval

Citigroup CEO Jane Fraser said the US lender could become a leading investment bank in mainland China after receiving approval to establish a wholly owned securities firm. She cited Beijing’s support for foreign financial services firms and China’s strengths in manufacturing and artificial intelligence as opportunities for new growth.

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SSouth China Morning Post★★☆☆☆2026-11-10 10:00Original