PBOC, CBRC, CSRC and CIRC jointly promulgate recently the Comments on Speed up Finance behind Service Industries recently that points out: Quicken the tempo of GEM (Growth Enterprise Market) construction forming transaction market outside pit; setting multi-level market system with Chinese characteristics; broaden financing channel to serve the enterprises. Support the service enterprises conforming to conditions precedent enter any capital markets both in and/or out border to raise capital fund through IPO and/or bones. To prepare and perfect related rules regarding IPO and/or guidance for information disclosure should consider the nature of service industries providing direct financing for fast development of service industries. Adjusting and regulating the supervision policies that encourage non-banking financial institutions including trust investment corporations, financial institution lessors to provide trust investment, finance leasing for service industries. Assistance shall be given to insurance asset management companies to expand the scope of trustee. To cultivate insurer investors with strong competitive and risk control. Playing active role that private credit is behind service industries. Guiding foreign capital into major field of service business  

Abstracted from China Securities, March 26, 2008