Bloomberg Talks · Nov 9, 2026
With Jane Fraser, Chair and CEO of Citigroup
Citigroup has operated in China for 125 years, and it took roughly five years to win approval for a wholly owned securities venture there. Jane Fraser, chair and CEO of Citigroup, told Stephen Engle on Bloomberg Talks that the venture completes Citi's products in the country, and she expects it to be operating within six months.
Outside China, in Jane's view, few people appreciate how many Chinese companies are now expanding abroad. That shift is part of why she rates the country so highly.
"My key message is one of the greatest strategic opportunities in financial services is China." — Jane Fraser
Jane runs a bank that serves 70% of the global Fortune 500 inside China.
The full interview is covered here so you can skip it.
Here are the 7 calls that matter.
Key Takeaways
Citi's China securities approval took about 5 years, and Jane expects the venture to run within 6 months
Chinese companies are expanding abroad in numbers few outside China appreciate
Last week's AI selloff was "a tad overdone," because the need for compute is not going away
Jane calls the Anthropic IPO "a very important" test of demand for AI listings
The pace of AI's rollout is outrunning risk management, more than AI itself
Equities rose 14% in a record third quarter but still missed analyst estimates
Jane would welcome a 2027 "a little bit more boring" than 2026
1. China Is the Big Opportunity
Jane spoke at a conference focused on China, shortly after Citi's wholly owned securities venture was approved. The approval took roughly five years and fills out Citi's local products: raising capital, trading and access for investors.
Jane Fraser calls China one of the biggest strategic opportunities in financial services
"Citi has a pretty unique franchise in China already — 125 years supporting all the multinationals here, as well as supporting Chinese companies." — Jane Fraser
Citi already serves both sides of the market, foreign multinationals in China and Chinese companies themselves. The securities venture adds the products it could not offer there before, and Jane expects it to be operational within six months.
