U.S. raises Mastercard and Citigroup market access with China in Bangkok talks
Source Summary
The U.S. Treasury raised market access concerns for Mastercard and Citigroup during bilateral meetings with China in Bangkok this week, according to a U.S. Treasury official. The discussions focused on removing barriers for these American financial services companies to operate in the Chinese market.
Why it matters
Market access disputes between the U.S. and China over financial services are a key element of bilateral trade tensions and can affect the operational scope of major American financial institutions in one of the world's largest economies.
