Central Bank: Further strengthen the institutional guarantee of the opening of the bank card clearing market.

Officials from the relevant departments of the central bank responded to questions from reporters about the "Measures for the Management of Bank Card Clearing Institutions," stating that the measures continue the basic principles of current supervision of bank card clearing institutions. There have not been major adjustments to the admission conditions and procedures for bank card clearing institutions, however, the regulatory system has been refined and improved in light of the current development of the payment clearing industry, aiming to promote the healthy development of bank card clearing institutions and ensure the orderly operation of the bank card clearing market. The measures are effectively connected with regulations in the field of foreign investment, adhering to the principle of equal standards for similar institutions. This further solidifies the institutional guarantees for the opening of the bank card clearing market, promoting development through openness and improving the level of clearing services to better serve the overall goal of opening up to the outside world and the development of the real economy.