摘要
In recently-revised rules, the China Banldng Regulatory Commission is increasing the number of cities where consumer finance companies can be set up, from four to 14. Consumer finance companies extend small loans to consumers but are not allowed to take public deposits. The new rules also allow consumer finance companies to accept financial deposits from shareholders, with the minimum stake for the main sponsor reduced from 50% to 30%. The move is designed to diversify the shareholding structure
