Is Xi 'an's innovative finance legal?

Xi 'an's innovative finance is legal. The so-called innovative finance is legal in Xi 'an, as long as there is a business license and approval procedures, it is legal. But legal is not necessarily compliant. This is the risk. Financial business innovation refers to the innovation of financial institutions in the field of business management. It is an activity that financial institutions use new thinking, new organizational methods and new technologies to build a new financing model and obtain and realize their operating results by using various financial innovation tools.