Citadel Securities Hands in Application for China License

Ken Griffin’s Citadel Securities handed in its application to establish a brokerage in mainland China, paving the way for expansion while most Wall Street firms are struggling to navigate the country’s markets.

The US firm’s request was received by the China Securities Regulatory Commission on Friday, according to a filing posted on the regulator’s website.

Citadel is trying to build its own operation in China after failing to buy Credit Suisse’s onshore business last year. It hired Tony Tang, BlackRock Inc.’s former China head, in September 2023 to navigate the increasingly complex regulatory landscape.

The Miami-based firm, ...