Usury is a financial term that refers to loans with extremely high interest rates. Alias, big ears, snowballing, etc.
According to the Notice of the People's Bank of China on Banning Underground Banks and Cracking down on usury:
The interest rate of private personal loans shall be determined by both borrowers and borrowers through consultation, but the interest rate determined through consultation between the two parties shall not exceed 3 times of the loan interest rate of financial institutions of the same grade in the same period announced by the People's Bank of China (excluding floating). What exceeds the above criteria should be defined as high-interest lending? .
The statistical report on the scale of social financing from 201/kloc-0 to June released by the central bank in official website shows that the scale of social financing increased by 7.76 trillion yuan, of which RMB loans increased by 4. 17 trillion yuan, accounting for 53.7%.
20 10, accounting for 55.6%. Historical data show that in 2002, new RMB loans accounted for 92% of the total social financing, accounting for an absolute dominant position. What does this nearly 40% share gap mean in less than 10 years? Earlier, it was reported that the amount of "shadow banking" loans in China mainland may have accounted for "half of the total social financing".