The China Banking Regulatory Commission is seeking opinions: The total investment in shares by a single individual and their close relatives shall not exceed 2% of the total equity of rural commercial banks.

The China Banking and Insurance Regulatory Commission has revised and formulated the "Implementation Measures for Administrative Licensing Matters of Rural Small and Medium-sized Banks Institutions of the China Banking and Insurance Regulatory Commission" and is now seeking public opinions. It is pointed out that the establishment of rural commercial banks and rural commercial joint banks should have qualified sponsors. The sponsors of rural commercial banks include: natural persons, domestic non-financial institutions, domestic banking and financial institutions, domestic non-banking financial institutions, overseas banks, and other sponsors recognized by the China Banking and Insurance Regulatory Commission. Natural persons as sponsors should meet the following conditions: Chinese citizens with full capacity for civil conduct; have good social reputation and integrity record, no criminal record; the investment capital is own funds, not entrusted funds, debt funds, etc.; and other prudential conditions specified in the regulations of the Banking and Insurance Regulatory Commission. The proportion of individual natural persons and their close relatives' total investment in the bank's shares shall not exceed 2% of the total equity of the rural commercial bank. The proportion of total investment in shares by employee natural persons shall not exceed 20% of the total equity of the rural commercial bank.