OREANDA-NEWS.   10 Anhui private firms in Xinjiang will establish a bank called Xinjiang Xinneng Bank, sources said yesterday. The enthusiasm of Hui Merchants for establishing non-public bank is high after 3rd Plenary Session of 18th CPC Central Committee.

According to Sheng Baoren,a man from Xiao County and chairman of the board of Xinjiang Baicheng Yize Coal Company, the confidence setting foot in the field of bank will be boosted.

Lots of owners of private firms think that the country will lower the application threshold and speed up the opening-up as it was permitted on the Decision of The 3rd Plenary Session of 18th CPC Central Committee that “further opening up the financial industry. Allowing qualified private capital to set up financial institutions such as small- and medium-sized banks, under enhanced supervision.