The State Council announced on Wednesday that China has approved plans to set up a pilot zone in Wenzhou City, Zhejiang Province, to regulate activities related to private financing, Xinhua reported.

The participation of private capital -- in the shape of setting up, or taking shares in existing rural banks and credit companies -- is encouraged and supported in the reform of local financial institutions.

Eligible micro-finance companies could be transformed into rural banks and private funds will be guided toward the establishment of venture capital and private equity activities as well as other types of investment bodies.

(China.org.cn, CNTV March 30, 2012)

據新華社報道，為引導民間融資規范發展，國務院昨日宣布已批準在浙江省溫州市設立金融綜合改革試驗區的方案。

當地將鼓勵和支持民間資金參與地方金融機構改革，民間資金可投建或參股現有村鎮銀行和貸款公司。

符合條件的小額貸款公司可改制為村鎮銀行。同時，將引導民間資金設立風投企業、私有股權投資企業及其它投資管理機構。