Alias: Consumer Finance Business License
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Consumer finance license refers to the license that allows institutions to engage in consumer finance business with the approval of CBRC.
analyse
Consumer finance company refers to a non-bank financial institution established in People's Republic of China (PRC) with the approval of China Banking Regulatory Commission, which is based on the principle of small amount and dispersion, does not absorb public deposits, and provides loans for consumption for individual residents in China. "Consumer loans" as mentioned in the Measures refers to loans granted by consumer finance companies to borrowers for consumption (excluding house purchase and car purchase). The name of a consumer finance company shall be marked with the words "consumer finance". Without the approval of the CBRC, no institution may use the word "consumer finance" in its name.
Small loan company license
Alias: Small loan business license
Explanation:
Small loan license refers to the license approved by the Provincial Finance Office to allow institutions to engage in small loan business.
Analysis:
Where the provincial government can make it clear that a competent department (financial office or relevant institutions) is responsible for the supervision and management of small loan companies and is willing to bear the responsibility of risk disposal of small loan companies, it can carry out pilot projects to set up small loan companies within the scope of this province (autonomous region, city) and county. The business scope of this License: unsecured loans, mortgage loans, pledged loans, equity mortgage loans, personal loans, micro loans, corporate loans, consumer loans, mortgage loans and entrepreneurial loans.