Qiu Wenxing

Rule Changes

Said Visa's approval was a direct outcome of Xi Jinping's September state visit

China's central bank approved Visa's application to prepare a domestic bank card clearing business on October 13, 2026, advancing a bid that began in 2017. Visa has one year to finish preparations, then must win an operating license from the People's Bank of China and the National Financial Regulatory Administration.

Updated 5 days ago