According to CoinMeta, the China Securities Regulatory Commission has approved the establishment of Citibank Securities (China) Co., Ltd. (hereinafter referred to as Citibank China). Citibank China is registered in Shanghai with a registered capital of 1.2 billion RMB. Its business scope includes securities brokerage, securities investment consulting, securities underwriting and sponsorship, and securities proprietary trading. The shareholder is Citibank Global Financial Holdings Limited, which holds a 100% stake.