日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 精品无人国产偷自产在线 | 一区二区三区国产视频 | av在线官网 | 校园春色亚洲色图 | 国产视频久久久久久久 | 999久久久| 日韩黄色小视频 | 狠狠草视频 | 一呦二呦三呦精品网站 | 欧美日韩在线一区二区三区 | 99在线免费观看视频 | 少妇高潮一区二区三区99 | 日本五十路视频 | 日韩av手机在线 | 丝袜足交在线 | 亚洲天堂免费视频 | 中文成人无字幕乱码精品区 | 久操视屏 | 成人激情视频在线播放 | 国产一级一级国产 | 欧美区亚洲区 | www.久久久久久久久 | 久久艹艹| 亚洲久久久久久 | 仙踪林av| 麻豆成人精品 | 神马久久影院 | 91黑丝| 久久伦理片 | 国产女主播喷水高潮网红在线 | 成人av一区二区三区 | 青青草国产在线视频 | 日本黄色激情视频 | 淫亚洲 | 中文字幕第一页在线播放 | 性国产视频| 欧美激情视频在线播放 | 在线婷婷 | 欧美另类在线视频 | 奶波霸巨乳一二三区乳 | 日韩av免费在线播放 |