China urges private capital in banking sector: official beach city bikini girl. Chinese opulent girls.

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Beijing (CNS) -- The government is not prejudiced against private investors who plan to seek participation in the banking sector, Shang Fulin, chairman of the China Banking Regulatory Commission, has said.

Shang was questioned about the issue Sunday on the sidelines of the 18th National Congress of the Communist Party of China.

"We have a uniform standard, threshold, and benchmark for all kinds of capital to enter the banking sector," said Shang.

In real practice, private capital can enter through various means, including participating in the initial public offerings of commercial banks and buying their shares, as well as setting up rural banks, Shang said.

Private investment accounts for 50 percent of equities in China's small and medium-sized commercial banks, he said, citing China Minsheng Bank, which has private shareholding of nearly 100 percent.

We will continue to encourage private capital to be part of the banking sector by implementing multiple measures, said Shang.