1. Banking service (Classification of National Economic Industries: J Finance industry – 6620 Monetary banking service)

Opening up measures

(1) Qualified foreign financial institutions will be allowed to set up wholly foreign-owned banks and Sino-foreign equity joint venture banks with eligible private capital within the China (Shanghai) Pilot Free Trade Zone. Restricted license banks will be allowed to be incorporated under certain conditions.

(2) Qualified Chinese banks will be allowed to conduct offshore business under the condition of improving related regulations and enhancing supervision.

2. Specialized health and medical insurance (Classification of National Economic Industries: J Finance industry – 6812 Health and accident insurance)

Opening up measures

Setup of foreign invested specialized health and medical insurance institutions will be allowed.

3. Financial leasing (Classification of National Economic Industries: J Finance industry – 6631 Finance leasing service)

Opening up measures

(1) The minimum registered capital requirements for a project company (i.e. single-ship/aircraft company) set up by financial leasing companies within the China (Shanghai) Pilot Free Trade Zone will be removed.

(2) Financial leasing companies will be allowed to conduct commercial factoring that are related to its primary businesses.