US Pressures China to Expand Market Access for Mastercard and Citigroup

Key Facts

The U.S. is pushing China to grant better market access for Mastercard and Citigroup. Reuters reported via Seeking Alpha that U.S. officials are intensifying pressure on Chinese authorities to allow these institutions to expand their operations and market presence.

Mastercard closed at $617.42 and Citigroup closed at $124.26 on October 16, 2026. During the same session, peer stocks Visa and American Express closed at $402.61 and $313.59 respectively, as negotiations continue to target the reduction of barriers for American financial firms in China.