The business scope of the loan company

Legal analysis: the business scope of microfinance companies

1. Handle various loans; 2. Discounted bills; 3. Transfer assets; 4. Settlement under loan; 5. Other assets business approved by China Banking Regulatory Commission.

Legal basis: Article 20 of the Interim Provisions on the Administration of Loan Companies may engage in the following businesses with the approval of the banking regulatory sub-bureau or the local banking regulatory bureau:

(1) Handling all kinds of loans;

(2) Discounting bills;

(3) Handling the transfer of assets;

(4) Handling the settlement under the loan;

(5) Other asset businesses approved by China Banking Regulatory Commission. The loan company shall not absorb public deposits.