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)

据新华社报道，为引导民间融资规范发展，国务院昨日宣布已批准在浙江省温州市设立金融综合改革试验区的方案。

当地将鼓励和支持民间资金参与地方金融机构改革，民间资金可投建或参股现有村镇银行和贷款公司。

符合条件的小额贷款公司可改制为村镇银行。同时，将引导民间资金设立风投企业、私有股权投资企业及其它投资管理机构。