Update: Market Chatter: Citigroup Expects China OK for Brokerage Operations in September
MT Newswires Live09-04 23:47
(Updates to add a statement from Citi)
Citigroup expects regulatory approval from Beijing for its wholly owned brokerage operations in China as soon as within September, Reuters reported Friday, citing two people with knowledge of the matter.
The approval could come around the time of Chinese President Xi Jinping's upcoming meeting with U.S. President Donald Trump in Washington, according to the report.
Citi declined comment when reached by MT Newswires.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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