For the past two-and-a-half years, Citigroup has sat on the sidelines while its Wall Street rivals have taken full control of their investment banking units in China, advising on listings and running sales and trading businesses in the world’s second-biggest economy. Last month, China’s regulator, the China Securities Regulatory Commission, conditionally approved a licence for Citi to follow suit and set up its own investment banking operation in the country, in addition to the corporate and commercial banking operations it already has. But, since Citi first applied for that licence in December 2021, much has changed.
在過去兩年半里，花旗集團(Citigroup)眼看著一些華爾街同行全資控股它們在中國的投資銀行部門，為企業上市提供建議，在世界第二大經濟體運營銷售與交易業務，自己只能置身事外。
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