Posts Tagged ‘registration’

Chinese Microentrepreneurs May Get Legal Licenses!

Posted in MF Marketplace, MF Talent, SAIC Policy on July 23rd, 2009 by Yam Ki – 1 Comment

Fry Tofu Seller in Beijing

Happy Fry Tofu Seller in Beijing

China’s State Council just issued a draft ordinance that allows street vendors and other microentrepreneurs to register for permits and recruit employees legally. The draft ordinance, titled “Individual and Household Business Ordinance (Draft)” / “个体工商户条例(征求意见稿)“, will allow micro-enterprises to get access to loans from alternative sources such as small loan companies and village banks. read more »

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First Small Loan Company Registered in Xinjiang

Posted in Finance Policy, Xinjiang on June 27th, 2009 by Yam Ki – Be the first to comment

I came across an interesting press release about a set of Small Loan Companies (SLCs) that just got registered in Urumqi, Xinjiang this morning.

The Uyghur Autonomous Region Government issued a pilot test program guideline for SLCs in February 2009. A total of 11 firms applied to register and 5 were provided the license. The largest is Huachun Small Loan Company (华春小额贷款股份有限公司), the focus of the press release.

A few facts of particular interest from the press release that I noticed were: read more »

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