Private investors get bigger role

BEIJING - China aims to widen the channels for private capital to tap the country's banking sector and to encourage private investors to play a bigger role in rural financial institutions, the China Banking Regulatory Commission (CBRC) said on Wednesday.

"There are no policy hurdles to prevent private capital from investing in domestic banks. The regulator will continue to expand the channels for private investment," said Yang Shaojun, deputy director of the CBRC's general office.

The regulator is also pushing private capital to participate in the establishment of rural banks and the joint-stock reform of rural financial institutions.