The Establishment and Development of Non-bank Financial Institutions

Non-bank financial institutions are an important component of China’s financial industry. Since the reform and opening up, they have gradually resumed or emerged in the process of financial reform and deepening, in line with the development of the social economy. Now, they have formed a diversified system of non-bank financial institutions, including insurance, securities, trusts, funds, financial leasing, corporate group finance companies, and asset management companies.