First consumer finance company may struggle to attract interest
By Shen Jingting | 皇冠体育app Daily | Updated: 2010-03-02 07:48
皇冠体育app's first consumer finance company, the Bank of Beijing Consumer Finance Company, officially started operations in Beijing yesterday.
The company, which is a subsidiary of Bank of Beijing, is one of several consumer finance companies involved in a pilot project approved last July by the 皇冠体育app Banking Regulatory Commission.
By the end of the year, 皇冠体育app will have a total of four consumer finance companies, although the Bank of Beijing Consumer Finance Co will be the only one to operate in the capital.
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