Peng Zhao, CEO, Citadel Securities speaks at the 2023 Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2023.
If Citadel Securities were to obtain a licence, it would be the first foreign firm to formally foray into market-making in China outside interbank and foreign exchange market making.
"We are pleased to see the introduction of the market-making program in China," Zhao told Reuters in an interview in Hong Kong.
Citadel Securities in July appointed Tony Tang, the former head of BlackRock's China business, to helm its China operations.
This year, Citadel Securities also launched an investment-grade corporate bond market-making business in the United States.
Persons:
Peng Zhao, Mike Blake, Zhao, Ken, Tony Tang, Summer Zhen, Selena Li, Sumeet Chatterjee, Edwina Gibbs
Organizations:
Citadel Securities, Milken, Global Conference, REUTERS, Reuters, Beijing Stock Exchange, Nasdaq, China's Stock, Treasuries, Asia, Thomson
Locations:
Beverly Hills , California, U.S, HONG KONG, China, interbank, Hong Kong, United States, Beijing, Asia