Monday, January 28, 2008
Citigroup will partner with a Chinese brokerage firm, Central China Securities Holdings Co., to compete for investment banking business in China. The arrangement, which requires approval from Chinese regulators, will allow Citigroup to earn fees for underwriting offerings on the Shanghai and Shenzhen exchanges. Goldman Sachs and UBS already have partnerships with Chinese firms. WSJ, Citigroup Finds a Partner For China Underwriting.