[Visa China Approved to Prepare for Bank Card Clearing Institution, CEO McInerney: Striving to Operate in China Soon] Odaily Planet Daily News - According to an official announcement from Visa on October 13, Visa has officially received approval from the People's Bank of China to prepare for establishing a bank card clearing institution within China. Visa will continue to complete subsequent tasks and carry out bank card clearing operations within the country. Visa CEO McInerney stated that the approval of this preparation application marks another significant milestone in Visa's long-term commitment to serving the Chinese market. The company looks forward to actively advancing follow-up work in compliance with the relevant regulatory requirements of the People's Bank of China, aiming to begin operations domestically as soon as possible. (Shanghai Securities News)