WS #16038
Holding: newest synthesis is 6d 2h old
The US government has formally raised market access barriers for major financial institutions Mastercard and Citigroup in China. This development reinforces the trend of financial decoupling and regulatory friction between the two largest economies. It poses specific risks to the revenue growth outlook for these firms in the Chinese market.
US-China Financial Friction
The US government has formally raised market access barriers for major financial institutions Mastercard and Citigroup in China. This development reinforces the trend of financial decoupling and regulatory friction between the two largest economies. It poses specific risks to the revenue growth outlook for these firms in the Chinese market.