Article 1 These Measures are formulated in accordance with the Company Law of People's Republic of China (PRC), the Company Law of People's Republic of China (PRC) and the Law of the People's Bank of China for the purpose of regulating the behavior of financial companies of enterprise groups, strengthening supervision and management, ensuring the stable operation of financial companies and promoting the development of enterprise groups. Article 2 The term "financial company" as mentioned in these Measures refers to a non-bank financial institution established in accordance with the Company Law of People's Republic of China (PRC) and these Measures to provide financial services to members of enterprise groups (hereinafter referred to as member units). Chapter I General Provisions Article 1 These Measures are formulated in accordance with the Company Law of People's Republic of China (PRC), the Company Law of People's Republic of China (PRC) and the Law of the People's Bank of China for the purpose of regulating the behavior of financial companies of enterprise groups, strengthening supervision and management, ensuring the stable operation of financial companies and promoting the development of enterprise groups. Article 2 The term "financial company" as mentioned in these Measures refers to a non-bank financial institution established in accordance with the Company Law of People's Republic of China (PRC) and these Measures to provide financial services to members of enterprise groups (hereinafter referred to as member units). Article 3 These Measures shall apply to enterprise groups registered in China with the parent company as the main body and established in accordance with the property rights relationship with the approval of the competent state department. Among them, the parent company refers to a large-scale production and circulation enterprise (or holding company) with the function of investment center, and its members include the parent company and its wholly-owned subsidiaries (hereinafter referred to as subsidiaries), as well as enterprises in which the parent company and subsidiaries hold more than 25% of the shares. Article 4 A finance company is an independent enterprise legal person, which operates independently, bears its own risks, is responsible for its own profits and losses, and manages itself by itself. Article 5 A financial company shall accept the supervision and administration of the People's Bank of China according to law. Chapter II Establishment and Change of Institutions Article 6 The establishment of a financial company must be approved by the People's Bank of China. Article 7 To apply for the establishment of a financial company, the following conditions shall be met:

(1) The applicant must be an enterprise group that meets the following conditions:

1, which conforms to the national industrial policy and is supported by the state;

2. The net assets of the member units shall not be less than RMB 654.38+0.5 billion or the equivalent in a freely convertible currency, of which the net assets of the parent company shall not be less than RMB 700 million or the equivalent in a freely convertible currency. The above-mentioned net assets are not less than 30% of the total assets of the corresponding caliber;

3. The annual total business income of the member units for three consecutive years before the application is not less than 5 billion yuan, and the total profit is not less than 200 million yuan or the equivalent in a freely convertible currency;

4. The parent company has experience in financial management and fund management within the group.

(2) Having articles of association that conform to the Company Law of People's Republic of China (PRC) and these Measures.

(3) Having the minimum registered capital meeting the requirements of these Measures.

(four) there are senior managers and other employees who meet the requirements of these measures.

(5) Having a sound organizational structure and management system.

(6) Having business premises, safety precautions and other facilities suitable for business operation.

(seven) other conditions stipulated by the people's Bank of China. Article 8 The minimum registered capital of a finance company is 6,543.8 billion yuan. When a financial company of a Chinese-funded enterprise group applies for foreign exchange business, it must raise the minimum amount to US$ 654.38 million or equivalent in other freely convertible currencies.

The registered capital of a finance company shall be paid-in monetary capital.

The People's Bank of China may adjust the minimum registered capital according to the economic development, but it shall not be lower than the limit specified in the preceding paragraph. Article 9 The registered capital of a finance company must be raised from the member units of the enterprise group, and the source of funds is limited to the self-owned funds that can be used for investment as stipulated by the state. Its share capital structure and shareholder qualification shall comply with the Company Law of People's Republic of China (PRC) and the relevant provisions of investment and financial institutions. Article 10 The registered capital of a finance company may not be reduced, but may be increased with the approval of the People's Bank of China. Article 11 The senior management of a finance company refers to the chairman, vice chairman, general manager and deputy general manager of the finance company.

The senior management personnel of a finance company shall have the qualifications specified by the People's Bank of China and report to the People's Bank of China for examination and approval. Article 12 The number of employees of a financial company who have been engaged in financial work for more than five years shall exceed one third of the total number. A financial company established by a foreign-funded enterprise group must have at least 1 China citizens among its senior managers; Article 13 The establishment of a financial company must go through two stages: preparation and opening. Article 14 With the approval of the People's Bank of China, the preparation of a finance company may be carried out. To apply for the establishment of a finance company, the applicant shall submit the following documents and materials to the People's Bank of China:

(1) An application for preparation, including the name, location, total registered capital, structure, financing method and business scope of the financial company to be established;

(2) The feasibility study report on the establishment of a financial company shall include the assets and liabilities, production and operation of the member units in the last three years, as well as the long-term development plan, the role of the establishment of a financial company and the forecast of its economic benefits;

(3) Approving the establishment of enterprise groups and their articles of association;

(four) the list of member units and proof of property rights;

(five) the business license, credit certificate and capital contribution guarantee of the promoters;

(six) the name list and resume of the person in charge of the preparation;

(seven) other materials required by the people's Bank of China.

The above documents and materials are written in Chinese. If the applicant is a foreign-funded or Sino-foreign joint venture group, the English version must be attached at the same time.