The Implementation Opinions tighten shareholder admission standards, create a firewall between industrial and financial capital, and prohibit entities or individuals engaged in illegal cross‑sector business, with excessive leverage, serious breaches of trust or major regulatory/legal violations from becoming major shareholders or actual controllers of financial institutions. Regulators will require penetrating identification of major shareholders, ultimate controllers and beneficial owners, stre

The Implementation Opinions tighten shareholder admission standards, create a firewall between industrial and financial capital, and prohibit entities or individuals engaged in illegal cross‑sector business, with excessive leverage, serious breaches of trust or major regulatory/legal violations from becoming major shareholders or actual controllers of financial institutions. Regulators will require penetrating identification of major shareholders, ultimate controllers and beneficial owners, strengthen reporting duties for major shareholders and controllers, prohibit concealment of control, related‑party and concerted‑action relationships, and ban false capital contributions, round‑tripping injections and capital extraction.