1. When foreign-funded institutions are allowed to conduct credit rating business in China, they can rate various bonds in the inter-bank bond market and the exchange bond market. Encourage overseas financial institutions to participate in the establishment and investment of financial subsidiaries of commercial banks. Overseas asset management institutions are allowed to establish foreign-controlled wealth management companies in joint ventures with subsidiaries of Chinese banks or insurance companies.

2. Allow overseas financial institutions to invest in the establishment and shareholding of pension management companies. Support foreign investors to set up or participate in money brokerage companies. The transition period from 565,438+0% to 65,438+000% of foreign shares in life insurance is advanced from the original 20,265,438+0 years to 2020.

3. Cancel the requirement that domestic insurance companies hold no less than 75% of the shares of insurance asset management companies, and allow foreign investors to hold more than 25%. Relax the access conditions for foreign-funded insurance companies and cancel the 30-year operating period requirement.

4. Advance the 20021cancellation of foreign shares of securities companies, fund management companies and futures companies to 2020. Allow foreign-funded institutions to obtain a Class A lead underwriting license in the inter-bank bond market. Further facilitate foreign institutional investors to invest in the inter-bank bond market.

Knowledge of financial industry.

1. The financial industry refers to the general name of the economy engaged in financial services and related fields, including banks, securities, insurance, trusts, funds, futures, leasing, pawn, guarantee, online finance, Internet payment, P2P peer-to-peer lending, crowdfunding and other financial institutions and related industries.

Second, the main characteristics of the financial industry

1. Capital operation: The financial industry raises funds by taking deposits, issuing bonds and stocks. And then allocate funds through loans, investments, etc. Meet the needs of different social strata for funds.

2. Risk control: The financial industry needs to effectively identify, evaluate and control risks to ensure the safety and profitability of funds. Information asymmetry: there is information asymmetry in the financial market, and financial institutions need to provide professional financial services to their customers by using their own information advantages and professional knowledge.

3. Regulatory self-discipline: The financial industry is strictly regulated by the government and regulatory agencies, and there is also a self-discipline mechanism within the industry to ensure the healthy development of the industry.