银联公告终止花旗中国成员资格，最新回应！

Core Insights - China UnionPay has terminated the membership of Citibank (China) Co., Ltd, which was initiated by Citibank China as part of its global business restructuring [1][2] - Citibank China stated that its corporate banking services remain unaffected, focusing on serving corporate and institutional clients in China [1][2] - The termination of UnionPay membership is linked to Citibank's ongoing exit from personal banking in various global markets, including China [1][2] Group 1: Citibank's Business Strategy - Citibank has been restructuring its global personal banking operations, planning to exit personal banking in 14 markets, including Asia and Europe [1] - In December 2022, Citibank announced the gradual closure of its personal banking operations in mainland China, excluding corporate banking [1] - By June 2024, Citibank completed the sale of its personal wealth management business in mainland China to HSBC, transferring over 300 employees [2] Group 2: Market Dynamics - The termination of Citibank's UnionPay membership reflects a significant reduction in its retail payment business, which is nearing zero due to the exit from personal banking [2] - Despite Citibank's exit, there is a growing interest from foreign banks to join China UnionPay, driven by the increasing number of expatriates in China [3] - The entry of more foreign banks into the UnionPay network is expected to enhance payment services and improve customer experience in the competitive market [3]