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7 hours ago · China

China gives green light to Visa for local clearing organisation after years-long wait

China gives green light to Visa for local clearing organisation after years-long wait

What's happening

SignalsMonitor is following this as a markets story. Channel NewsAsia Latest and South China Morning Post Asia are the outlets attached to this story. The reports are tied to China. The first report grouped here was at 13 Oct 2026, 03:52 UTC. 2 material updates are listed in the timeline. The headline in use is “China gives green light to Visa for local clearing organisation after years-long wait”. This note is SignalsMonitor's own briefing, not the publisher's article.

What we know

The People’s Bank of China on Tuesday gave its approval to Visa to make preparations for a locally registered bank card clearing organisation, calling the move a major step in the country’s financial opening up in an online statement. The US card payment giant will have one year to finish…

South China Morning Post AsiaRead at South China Morning Post Asia

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Story timeline

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2 headlines

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