The China Banking Regulatory Commission (CBRC) has released regulations for the establishment and operation of non-bank financial institutions, effective immediately.

The regulations, published on the regulator's website, specify capital requirements as well as change of business, termination, and other rules.

They apply to trust companies, corporate financial units, financial leasing companies, currency dealers, and representative offices of overseas non-bank financial institutions.

Operating licences will only be granted when the requirements are fulfilled, the regulator said.