# Policy and regulatory basis

Article 3 of the Measures for the Administration of Financial Licenses

The financial license shall apply to the financial institutions supervised by the CBRC and approved to engage in financial business.
Financial institutions, including policy banks, Commercial banks, rural cooperative banks, urban credit cooperatives, rural credit cooperatives, village banks, loan companies, rural mutual cooperatives, financial asset management companies, trust companies, enterprise group finance companies, financial leasing companies, auto finance companies, currency brokerage companies, etc.

Article 3 of the Administrative Measures for the Payment Services of Non-financial Institutions

Non-financial institutions that provide payment services shall obtain the Payment Business License in accordance with the provisions of these Measures and become payment institutions. Payment institutions shall be subject to the supervision and administration of the People's Bank of China in accordance with law.
Without the approval of the People's Bank of China, no non-financial institution or individual may engage in the payment business or engage in any disguised form.

# Examples of Qualifications

The Financial License ：

Payment Business License: