Citi expects China brokerage unit regulatory approval as soon as this month
Citigroup expects regulatory approval for its wholly-owned China brokerage business as soon as this month and plans to add several dozen staff over the next few months, two people said.
By Selena LiCitigroup NYSE:C expects to get regulatory approval for its wholly-owned China brokerage business as soon as this month and plans to add several dozen staff at the unit over the next few months, said two people with knowledge of the matter.The long-awaited final Chinese regulatory appro…