Consumer finance companies are about to pilot the row

 personal decoration, home appliance purchase and other bulk consumption will be able to obtain consumer finance company loans. IC Supply Plan after March, the central bank and the CBRC issued a joint statement that will be able to advance the consumer finance company pilot, the CBRC 12th evening officially released the "Consumer finance company pilot Management measures (draft)" (hereinafter referred to as "the draft"). According to the CBRC arrangement, the collection of views will be closed on June 12, after which the formal management will be announced.　　There are reports that the CBRC will be the first in Beijing, Shanghai, Chengdu and Tianjin four timing to carry out consumer finance pilot, Guangzhou, Shenzhen estimate is not the pilot list.　　In an interview with reporters, the banking industry said the intervention of the consumer finance company will stimulate the whole consumer credit market, the commercial Bank of the consumer credit listed in the opinion draft is involved, but it is difficult to form the competition relationship in the future because it does not involve the main fields of bank loan such as mortgage car loan. Higher level of investor threshold according to "opinion draft", the main contributors of the consumer finance Company shall be the other investors approved by the domestic and foreign financial institutions and the CBRC, and must satisfy the details of the 5-year experience in the field of consumer finance, the total assets not less than 80 billion RMB, the profit of two consecutive fiscal years, and the non transfer of capital in 3 year If the foreign financial institutions are the main contributors, it is necessary to meet the establishment of a representative office in China more than two years, and the host country has established a regulatory cooperation mechanism with the CBRC and other conditions.　　According to the CBRC's request, the principal contributor is not less than 50% of the company's registered capital.　　According to the threshold of registered capital set by the CBRC, the minimum limit for the registered capital of consumer finance companies is 300 million yuan, and the capital adequacy ratio is not less than 10%, the proportion of the interbank funds is not higher than 100% of the total capital, and the reserve adequacy ratio of assets loss is not less than 100%.　　The reporter noted that the CBRC made clear in its opinion draft that the consumer finance company may set up branches after approval of the CBRC according to business needs. "From the view of the draft, the CBRC is relatively high on the threshold requirements of the main investor." Foreign consumer finance companies to the main sponsors of the threshold is usually not too high, according to the CBRC's statement, the eligible investors are basically concentrated in the commercial banks.　　A large state-run Personage told reporters. The target customers of consumer finance companies in developed countries are mainly in the service of low-end personal clients with stable incomes, including young people, young families or families that need to upgrade consumer goods such as household appliances, the person told reporters.　　Usually a small amount of single credit, but the speed of approval and the operation of a very flexible way. Based on this feature, the CBRC has made relevant regulations on risk prevention of consumer finance companies. A consumer financial company shall not grant to an individual the maximum amount of a single loan issued to the borrower in respect of a general purpose personal consumption loan, and shall not issue a general purpose personal consumption loan to a borrower who has applied for a loan from the company for the first time, and shall not exceed the monthly income of the borrower by issuing a consumer loan to the individual5 times times.　　While the loan interest rate is based on the borrower's risk pricing, but not more than 4 times times the central bank interest rate. Consumer loan market will further refine according to the statement of business scope, consumer finance companies will mainly operate home appliances, electronic products, such as personal consumer durables (excluding homes and cars) loans, tourism, wedding, education, decoration and other general purpose personal consumption loans. It can also be engaged in the transfer of credit assets, domestic interbank lending, loans to domestic financial institutions, and other relevant advisory and agency business.　　In addition, a consumer finance company may issue financial obligations upon approval.　　According to the reporter understand, the current consumer durables and general purpose consumption loan main provider basically only commercial bank, and overall business volume is not big. "Consumer durables loans and general purpose consumer loan banks will be involved, but the volume of business is small." Generally speaking, consumer durables loans mainly through the card business to do, customers use credit card directly or by installment; General consumer Loans we will not subdivide the use, only to audit the repayment ability of customers, and then give a certain credit.　　"Some of the bankers interviewed said to reporters. In what way will the newly established consumer finance company give more convenience to ordinary consumers? "The main or audit aspects of the process will be more convenient, consumers can be more convenient to get the loan."　　Bankers said to reporters.　　Bankers said the market for future consumer loans could be further refined with the intervention of consumer finance companies, but it was difficult to compete directly with each other in the short term. A large state-run Guangdong Branch told reporters that from the current commercial bank loan business variety distribution, you can see the current Chinese personal consumption market, the main trend. "At present, Chinese personal consumption is usually the first to solve the house problem, so the mortgage in each bank loan business accounted for a larger proportion, followed by the cause, the individual operating loans to meet the market demand in this area, after this, is the enjoyment of all kinds of consumption, such as tourism, decoration, wedding and so on, So the demand for credit markets is not particularly robust. The person said to reporters. Our correspondent Locke links what is a consumer finance company is a Non-bank financial institution that is approved by the CBRC and is established within China and does not absorb public deposits, and in the principle of small and dispersed, provides loans to individual residents in China for consumption purposes. and the consumer finance company's loans, mainly for customers to buy consumer durables. Personal consumer durables loan refers to the loan of consumer durable goods (excluding houses and cars) which are issued by the consumers to the borrower through the Distributor to purchase consumer durables such as household appliances and electronic products.