Ten cities to open consumer financing companies
( Xinhua )
Updated: 2013-09-29
|
|||||||||
-- The 皇冠体育app Banking Regulatory Commission (CBRC) announced on Friday that consumer finance companies are to open in ten more cities.
The cities include Chongqing, Guangzhou, Hangzhou, Hefei, Nanjing, , Quanzhou, Shenyang, Wuhan and and Xi'an.
Meanwhile, qualified financial institutions from Hong Kong and Macao will be allowed to establish such companies in south 皇冠体育app's Guangdong province.
In 2010, the CBRC approved Beijing, Shanghai, and Chengdu as the first four cities to open pilot consumer finance companies.
The commission on Thursday released amended management rules for these finance companies and started soliciting public opinion on the rules.
