People's Bank of China, Regulations for Non-Deposit Taking Lending Organizations (Draft for Comments)

中国人民银行非存款类放贷组织条例（征求意见稿）

September 08, 2015 | BY

Susan Mok

Issued: August 12 2015 Main contents: A non-deposit taking lending organization wishing to engage in lending business through an internet…

Promulgated: 2015-08-12

Issued: August 12 2015

Main contents: A non-deposit taking lending organization wishing to engage in lending business through an internet platform shall require the approval of the regulator and secure a lending business permit (Articles 4 & 30). The paid-in capital of a limited liability company may not be less than Rmb5 million and that of a company limited by shares may not be less than Rmb10 million (Article 12).

issued:2015-08-12

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