皇冠体育app

皇冠体育app plans to build 2,000 village banks

By Ding Qingfen and Yang Zhen (chinadaily.com.cn)
Updated: 2009-03-06 17:38

皇冠体育app plans to build 2,000 village banks to compete with existing rural credit cooperatives, Liu Mingkang, head of 皇冠体育app's banking regulator, said on the sidelines of the ongoing National People's Congress on Friday.

Liu said 皇冠体育app will encourage private business owners to invest in rural financial institutions, on condition that banks with licenses approved by 皇冠体育app's banking regulator remain the majority shareholder. 皇冠体育app currently has 97 village banks.

The government would also encourage private business owners to establish guarantee companies.
 
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