[Citi: Actively promoting application for domestic securities dealer license] October 22nd, Citigroup is continuing to increase its institutional business in China, actively promoting application for domestic securities dealer license, waiting for the approval of domestic securities dealer license, and seeking to develop local investment banking business in mainland China. It is understood that Citigroup submitted an application for a wholly-owned securities dealer license in November 2021. The previous joint venture investment banking business with Orient Securities was withdrawn in 2019. Since then, it has applied for the establishment of a wholly-owned securities dealer and received feedback from the China Securities Regulatory Commission on February 4, 2024. As of now, there are seven wholly foreign-owned securities firms operating in China, namely JP Morgan Securities (China), Goldman Sachs (China) Securities, Standard Chartered Securities (China), BNP Paribas Securities (China), UBS Securities (China), Mizuho Securities (China) and Daiwa Securities (China). (Reporter Wang Chen)