New 36 to encourage people to enter the financial sector

Private capital is allowed to set up financial institutions. Under the precondition of strengthening effective supervision, promoting standard operation and preventing financial risk, the stock ratio restriction of financial institutions should be relaxed. To support the private capital to participate in the commercial bank to increase capital and share, participate in rural credit cooperatives, urban credit cooperatives restructuring work. Private capital is encouraged to initiate or participate in the establishment of financial institutions such as village banks, loan companies and rural mutual funds, and to relax the limit of the minimum contribution ratio of corporate banks in village or community banks. To support private capital to launch the establishment of credit guarantee companies, improve credit guarantee company's risk compensation mechanism and risks sharing mechanism. Private capital is encouraged to initiate the establishment of financial intermediary service institutions and participate in restructuring and restructuring of financial institutions such as securities and insurance.