BOC Consumer finance Company approved

Yesterday, the Pudong New area, together with the Bank of China and the Hundred Joint Group, co-sponsored the BOC Consumer finance company to obtain the approval of the China Banking Regulatory Commission, is one of the first batch of three consumer finance companies approved to build nationwide. The consumer finance company was approved for construction, the CBRC announced on the evening of August 13, 2009, "Consumer finance company pilot management measures" and announced the launch of consumer finance company pilot approval, less than 5 months.　　This is a major breakthrough in the promotion of financial innovation in Pudong, is conducive to the improvement of financial institutions, to further expand consumption, to play the role of financial support for the transformation of development mode, Pudong construction of the core functional areas of the financial center is of great significance. It is understood that BOC consumer finance company registered capital of 500 million yuan, of which the Bank of China 255 million yuan, accounting for 51%, the Hundred Group capital contribution of 150 million yuan, accounting for 30%, Lujiazui Financial development Holding company contributed 95 million yuan, accounting for 19%.