Analysis of the first paragraph of Article 3 of the Criminal Law Amendment (1) stipulates that those who set up commercial banks, stock exchanges, futures exchanges, securities companies, futures brokerage companies, insurance companies or other financial institutions without the approval of the relevant state authorities shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also or shall only be fined not less than 2, yuan but not more than 2, yuan; If the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years, and shall also be fined not less than 5, yuan but not more than 5, yuan.