The establishment of consumer finance companies will adhere to the high threshold

"Consumer finance companies pilot management measures" to the end of the "Consumer finance company pilot management measures" to the community for public comment before the end.　　Reporters yesterday from the CBRC learned that many of the comments and suggestions are quite constructive, the CBRC will be after the collation of a special discussion, and the adoption of valuable comments and suggestions, after the implementation of the relevant procedures, the formal approach will be announced soon. As a consumer finance company is defined as a Non-bank financial institution, its entry threshold is higher. The method stipulates that the minimum registered capital of a consumer finance company is 300 million yuan or the equivalent of a freely convertible currency. According to the Banking Regulatory Commission related people, because financial institutions belong to the franchise industry, therefore, access standards are relatively high. It is more reasonable that the registered capital of 300 million yuan should fully refer to the threshold of other financial institutions. The registered capital of the auto finance company, which is vested in the CBRC's non-AG division, is 500 million yuan.　　However, there is also the view that the financial leasing Company's minimum registered capital of 100 million yuan, and the city firm's minimum registered capital of only 100 million yuan, therefore, the threshold of 300 million yuan can be appropriately lowered. The method not only stipulates the setting threshold of consumer finance companies, but also puts forward "high standards and strict requirements" to shareholders. "It is dangerous for shareholders not to have experience in this area. "If there is no experience, it means there is no risk control capability," said the person. In particular, the risk-prevention model of consumer finance companies is not the same as ordinary bank loans, so must be strictly managed. "As a result, the scheme provides, in particular, that the total assets of the major contributors at the end of the last 1 years are not less than 80 billion yuan or equivalent, and that they have over 5 years of experience in the field of consumer finance."　　However, Guo, director of the Cufe Banking Research Center, said that a 80 billion-dollar total asset requirement was higher and might be detrimental to the type of diversification of the sponsoring agency. But the CBRC has its own considerations. Before the commercial Bank of consumer credit business risk control is not excellent, therefore, the warning also let the CBRC special attention to risk, hope that consumer finance companies can start steadily.　　This also allows the CBRC to decide that the introduction of natural shareholders will not be considered at the pilot stage. Because of the high risk of the main loan business of the consumer finance company and the fact that our country does not have the practical experience of running such institutions, it is necessary to strengthen the risk control as one of the most important considerations in the pilot process. To this end, Guo suggested that consumer finance companies should be required to operate only within a certain geographical range.　　It is understood that this proposal coincides with the Banking Regulatory Commission, the pilot phase, consumer finance companies will only be in Beijing, Shanghai, Tianjin, Chengdu, four pilot areas to carry out business. Regarding the suggestion that the provision on disclosure should be increased, the CBRC concerned said that it was necessary to submit the data to the CBRC on a regular basis. External disclosure needs to carry out the information disclosure obligation by reference to the implementation of relevant financial institution information disclosure management measures.