Non-bank financial institutions refer to all financial institutions except commercial banks and professional banks. It mainly includes trust, securities, insurance, financial leasing and other institutions and finance companies. Non-deposit financial institutions include financial holding companies, Public Offering of Fund, pension funds, insurance companies, securities companies and microfinance companies.

Non-bank financial institutions refer to financial institutions established with the approval of the People's Bank of China, which usually include pawn shops, guarantee companies and small loan companies. This kind of institutions have flexible lending and convenient procedures, which meet the requirements of quick financing for small and medium-sized enterprises.

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Measures for the implementation of administrative licensing matters of non-bank financial institutions:

In order to standardize the administrative licensing of China Banking Regulatory Commission (hereinafter referred to as CBRC) and its dispatched offices to non-bank financial institutions, clarify the matters, conditions, applicable operating procedures and time limits of administrative licensing, and protect the legitimate rights and interests of applicants, these Measures are formulated in accordance with the Banking Supervision Law of the People's Republic of China, the Administrative Licensing Law of People's Republic of China (PRC) and other laws and regulations and relevant decisions of the State Council.

The term "non-bank financial institutions" as mentioned in these Measures includes trust companies, enterprise group finance companies, financial leasing companies, auto finance companies, money brokerage companies, representative offices of overseas non-bank financial institutions in China and other institutions approved by the CBRC.

The CBRC and its dispatched offices shall, in accordance with these Measures and the Provisions on the Procedures for the Implementation of Administrative Licensing of China Banking Regulatory Commission, implement administrative licensing for non-bank financial institutions.

The establishment, alteration, termination, adjustment of business scope and increase of business varieties, qualifications of directors and senior management personnel of non-bank financial institutions shall be subject to administrative licensing by the CBRC and its dispatched offices.

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