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Finance

Citi to make room for 100 staff at new China securities unit

Wholly owned business will initially focus on brokerage and futures trading

The third biggest bank in the U.S., Citigroup is looking to widen its role in China's $45 trillion financial services industry. (Photo by Kosaku Mimura)

HONG KONG -- U.S. bank Citigroup will deploy up to 90 staff to its planned China securities unit in the first year once Beijing approves its license applicaion, three people familiar with move have told the Nikkei Asian Review.

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