日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

US EUROPE AFRICA ASIA 中文
Business / Policy Watch

China legalizes private lending in Wenzhou

(Xinhua) Updated: 2014-02-28 17:14

WENZHOU, Zhejiang - China will start testing the waters of legalized private lending on Saturday in the pilot city of Wenzhou, where a liquidity crunch in underground lending in 2011 caused a credit crisis.

China legalizes private lending in Wenzhou 

Filling the gap in Wenzhou's finance market 

China legalizes private lending in Wenzhou

Wenzhou breaks new ground on private lending 

Zhang Zhenyu, deputy secretary-general of the municipal Communist Party of China Committee and head of the city's finance reform office, told Xinhua Friday that detailed rules of the regulation, which were finalized this week, will take effect on Saturday along with the regulation.

The Wenzhou Private Financing Regulation, passed by the Zhejiang Provincial People's Congress in November 2013, says that enterprises in need of funds can borrow private loans via three kinds of intermediary agencies, including private capital management firms, financing information service firms and lending service institutions, which are still not part of the formal financial system elsewhere in China.

Wenzhou's lending service institutions emerged in 2012, when the State Council approved a broad package of financial reforms allowing Wenzhou to serve as a testbed for liberalizing private lending, which had grown into a colossal underground industry, powered by the robust growth of the city's private economy.

These institutions keep record of lenders who lend over 3 million yuan (about$500,000) in a single private loan and collective loans with a combined value of over 10 million yuan.

There are currently seven such service centers in Wenzhou. By Dec 12, 2013, they had registered private capital of 7 billion yuan, with 2.5 billion in outstanding loans.

Wenzhou also has 11 private capital management firms, which specialize in offering financial services from private placement to project investment. By December, they had directed 2 billion yuan in private funding for investment in 618 commercial projects.

Zhu Zhongming, vice mayor of Wenzhou, said the city has set up an administrative system to regulate private financing activities. It is composed of a financial management bureau, a financial arbitration institution, a financial crime investigation team and a court.

The new regulation, with 7 chapters and 50 clauses, specifies regular private financing operations, risk control measures and legal liabilities.

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 91在线成人 | 日韩伦理一区二区三区 | 上海一级毛片 | 香港午夜三级a三级高清观看 | 亚洲最大在线视频 | 性色欧美| 无遮挡又黄又爽又色的动态图1000 | 亚洲热视频 | 五月婷综合 | 日韩一级一欧美一级国产 | 日韩 亚洲 欧美 中文 高清 | 国产一区欧美 | 波多野吉衣一区二区三区四区 | 国产日韩欧美一区 | 在线视频国产一区 | 亚洲精品国产自在久久出水 | 国产成人在线视频 | 精品伊人网 | 国产精品欧美一区二区在线看 | 观看av | 国产成久久免费精品AV片天堂 | 玖草网 | 国产精品成人av | 久久婷五月| 人人插人人草 | 成人福利在线 | 色哟哟哟在线精品观看视频 | 国产专区在线视频 | 日韩 亚洲 欧美 中文 高清 | 国产精品区二区三区日本 | 青娱分类视频精品免费2 | 欧美极品在线观看 | 国产日本在线播放 | 精品成人一区二区三区 | 免费很黄很色裸乳在线观看 | 五月综合久久 | 久操色| 毛片免费一区二区三区 | 一级免费a | 宝贝jojo第三季| 久久欧美精品1024你懂得 |