Consumer Finance Companies

"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 amount of registered capital of a consumer finance company is 300 million RMB or the equivalent ...

BEIJING, January 7 (Xinhua) China's Banking Regulatory Commission has officially approved the Beijing Bank, the Bank of China and Chengdu Bank as the main contributors to the construction of consumer finance companies, which means that a long brewing consumer finance company pilot officially launched.　　July 2009, in order to increase the financial support to expand domestic demand and promote consumption, the CBRC issued the "Consumer finance company pilot management measures", and launched the Beijing, Tianjin, Shanghai, Chengdu, four consumer finance companies in the pilot examination and approval work. According to the pilot management measures, consumer finance companies are "not to absorb public deposits, to small, dispersed as the principle of the Chinese territory ..."

The first consumer finance company in the territory-North Silver consumer finance company this morning unveiled.　　In the afternoon, the north bank consumer workers stationed in the large-medium electric tower shop, began to accept consumers to apply for shopping loans. North bank consumer finance in the early days of the main reception of computers, refrigerators, color TV and other large consumer durables loans, the follow-up will gradually increase education, decoration, wedding, tourism and other general-purpose personal consumption loans.　　The main target customers are 20 years old, with fixed work and stable income of residents. At present, in addition to the consumer finance companies to support the application of loans in the field, the loan limit shall not exceed the monthly income ...

Yesterday, we reported the first batch of 3 consumer finance companies in China to obtain approval for the preparation.　　Our correspondent learned yesterday that the first consumer finance company is expected to open in 51 this year. Reporters in Beijing to understand that the bank has begun to recruit excellent business from the backbone of the country, from abroad to introduce some financial experts, the business planning, and strive to open as soon as possible operation.　　Bank of Beijing: We will design the system well we hope to be successful in the first half of the year, we also speed up the pace, we hope that during the May 1 holiday to let residents of Beijing to enjoy this financial fast and convenient service. Beijing Bank ...

For the time being, consumer finance companies only make loans for small purchases such as household appliances.　　CFP Consumer Finance, the bank's Bank of China, which is due to open in July this year, is expected to open at the latest this July.　　Yesterday morning, the CBRC announced on its website, has approved the Beijing Bank (601169), the Bank of China (601988), Chengdu Bank as the main contributor, respectively, in Beijing, Shanghai, Chengdu three to prepare consumer finance company. According to the three commercial banks submitted to the preparation of the application, the Bank of Beijing to establish a wholly-owned north bank in Beijing ...

The North bank consumer finance company is the first consumer finance company in China.　　As of February 28, 2011, the north bank consumer finance company set up a year has been issued consumer loans more than 60 million yuan, reached 65.32 million yuan, the loan balance of 56.96 million yuan, in the CBRC approved the 4 pilot consumer finance companies ranked first.　　In the loan, the monthly income of 2000 yuan to 5000 yuan of customers accounted for nearly 50%, in the use of loans, most of the purchase of household appliances, decoration, tourism, education, wedding and other daily consumption, accounted for more than 75%. Assistant to the President of the Bank of Beijing ...

China's first 3 consumer finance companies were approved by the China Banking Regulatory Commission 6th, marking the end of the 400-year-old financial industry in the Western market economy of consumer finance company. The following is a small survey:

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 Pudong to promote financial innovation, to improve the system of financial institutions, to further expand consumption, play the role of financial support for the transformation of development mode, on the Pudong ...

BEIJING, January 7 (Xinhua) Today, the CBRC has officially approved the Beijing Bank (in Beijing), the Bank of China (in Shanghai), the Bank of Chengdu (in Chengdu) as the main contributor to the establishment of consumer finance companies.　　The move is seen as an important step in boosting domestic demand and boosting consumption. A consumer finance company is a Non-bank financial institution that does not absorb public deposits and, in the principle of small and dispersed, provides loans to individuals in China for consumption purposes. Consumer financial services in the mature market and emerging markets have been widely used, are welcomed by different consumer groups, with a single letter credit line small ...

Xinhua Beijing, February 25 (reporter Bai Jiechun, Liu Shiping) China Banking Regulatory Commission 25th announced that the 24th approved the opening of the North bank consumer Finance Limited, registered capital of 300 million yuan, which marks the first financial consumer companies into the formal operation stage. The head of the CBRC said that during the preparation period, the Bank of Beijing has implemented the capital, personnel and place of business of the North Silver Consumer Finance Limited Company, completed the regulation of the Articles of Association, action business and the internal risk control system, and in the near future formally submitted the application materials for the opening of the consumer finance company to the CBRC. ...

The current Peer-to-peer platform development in full swing, a great spark can prairie. Some people think that internet finance will subvert traditional finance, some people think that peer-to-peer industry is only a temporary rise of the precarious. The author believes that the Peer-to-peer lending industry will not subvert the traditional financial business, nor is it a short-lived industry, but a new industry that coexists with the traditional finance, complements each other and has a great future. In the usual sense, peer-to-peer lending is regarded as a kind of sunshine display of private financing and a very risky industry. The current Peer-to-peer lending market interest rate is roughly 24%, P ...