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via finance.yahoo.comBusiness & Companies

Citi gets Beijing nod to set up wholly owned securities company in China

FROM THE WIRE · FINANCE.YAHOO.COM

WASHINGTON (AP) — Citi said on Friday it has received approval from Chinese regulators to set up a wholly owned securities company in the world's second largest economy, just about one month after Chinese leader Xi Jinping met President Donald Trump in Washington to keep…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishOpening of China's market to US financial firms, relevant for the financial sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Citi received approval from Chinese regulators to set up a securities company.
  2. 02The approval comes about a month after Xi Jinping met Donald Trump.
  3. 03Visa also received approval to prepare a bank card clearing business in China.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Visa Inc.VStock409.09 USD+0.08%today -1.27%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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