Is Guancheng Loan Company still there?

Guancheng loan company is gone. According to relevant public information, Guancheng Loan Company closed down in 2020 because of the state's suppression of this small illegal loan company. The loan company is a non-bank financial institution approved by the the State Council Banking Regulatory Authority and established by domestic commercial banks or rural cooperative banks in rural areas in accordance with relevant laws and regulations to provide loan services for county farmers, agriculture and rural economic development. The loan company is a limited liability company fully funded by domestic commercial banks or rural cooperative banks.