银行卡清算机构监管制度迎细化

Core Viewpoint - The People's Bank of China and the Financial Regulatory Administration have jointly issued the "Management Measures for Bank Card Clearing Institutions," which will take effect on November 1, 2025, to enhance the regulatory framework for bank card clearing institutions and promote a healthy development of the bank card clearing market [1] Group 1: Market Development - The bank card clearing market in China has been gradually opening up since the State Council issued the "Decision on Implementing Access Management for Bank Card Clearing Institutions" in 2015, leading to the establishment of specific conditions and procedures for market access [2][3] - Currently, three institutions hold bank card clearing business licenses: China UnionPay, LianTong (Hangzhou) Technology Service Co., Ltd., and Mastercard Network Technology (Beijing) Co., Ltd., with the latter two being joint ventures [3] Group 2: Regulatory Enhancements - The new measures maintain the basic principles of the existing regulatory framework while refining the regulatory system to promote the healthy development of bank card clearing institutions and ensure orderly market operations [4] - The updated measures simplify the application materials for administrative licensing, enhancing efficiency and providing more convenience for clearing institutions [4] Group 3: Operational and Supervisory Management - The new measures introduce chapters on "Operational Management" and "Supervisory Management," establishing basic requirements for governance structure, business rules, and risk management systems for bank card clearing institutions [5][6] - The operational management chapter emphasizes independent operation and the establishment of internal control and accountability mechanisms, which are crucial for the development of the bank card market [6]