Banking on an Exit for Small Loan Companies

Posted in Finance Policy on June 19th, 2009 by Yam Ki – Be the first to comment
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CBRC

Today, the China Banking and Regulatory Commission (CBRC) released a directive on converting Small Loan Companies (SLCs / 额贷公司) to Village Banks (VBs / 村镇银行).  It seems that the explosion of SLC and related credit over the past year is making the CBRC a little nervous.  According to the press release for the directive, as of March 2009, there are already 583 SLCs opened and another 573 in preparation.

Institutionalized in May of 2008, the SLCs were People’s Bank of China (PBoC) and CBRC’s attempt to reinvigorate read more »

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Posted in Finance Policy on June 19th, 2009 by Yam Ki – Be the first to comment
Tags: , , ,