GLOBEALERT
BUSINESS● LOW19h ago · Oct 13, 2026, 5:07 PM

1st LD-Writethru: China approves Visa subsidiary application to establish bank card clearing institution

thestar_my · malaysia · east asia

BEIJING, Oct. 13 (Xinhua) -- China's central bank announced on Tuesday that it has approved an application from a subsidiary of U.S. payment giant Visa to set up a bank card clearing institution in China, a step forward in the country's financial opening up.

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