摘要
For three years, Weng Yifeng, President of Rui＇an Huafeng Micro-Credit Co. Ltd. in Wenzhou, has dreamed oftransforming his small micro-credit company worth 1 billion yuan （$157.98 million） into an established bank. In 2008, Weng and several partners set up Rui＇an with a registered capi- tal of 200 million yuan （$31 million）. Limited to granting credit, the company was strictly prohibited from taking deposits, a standard practice at most banks.
China is creating a fair, sound market environment for private capital For three years, Weng Yifeng, President of Rui’an Huafeng Micro-Credit Co. Ltd. in Wenzhou, has dreamed of transforming his small micro-credit company worth 1 billion yuan ($157.98 million) into
