央行、金融监管总局，联合印发

Core Viewpoint - The newly released "Regulations on the Management of Bank Card Clearing Institutions" by the People's Bank of China and the National Financial Supervision Administration introduces two new chapters on operational management and supervisory management, effective from November 1, 2025, marking a significant update from the 2016 version [1][4][6]. Summary by Sections Regulatory Framework - The updated regulations refine the existing regulatory framework for bank card clearing institutions without major changes to the entry conditions and procedures, maintaining the basic principles established in the 2016 version [1][5][6]. New Chapters - The addition of the operational management and supervisory management chapters addresses potential issues faced by bank card clearing institutions in their daily operations [4][5]. - The operational management chapter specifies requirements for clearing business rules, member institution constraints, risk management frameworks, and outsourcing management [5][6]. - The supervisory management chapter clarifies the responsibilities of the People's Bank of China and its branches in overseeing bank card clearing institutions, including requirements for reporting significant matters and business activities [5][6]. Improvements and Transparency - The regulations enhance the clarity of administrative licensing requirements for the establishment, operation, and changes of bank card clearing institutions, aiming to promote transparency and efficiency in the licensing process [5][6]. - The regulations align with foreign investment regulations to ensure equal standards for similar institutions, reinforcing the institutional framework for the opening of the bank card clearing market [5][6]. Future Directions - The People's Bank of China and the National Financial Supervision Administration plan to implement the regulations effectively, focusing on compliance, risk management, and improving service levels in the bank card clearing sector [6][7].