China Banking Regulatory Commission, Measures for the Administration of Pilot Consumer Finance Companies

Promulgated: July 22 2009
Effective: as of date of promulgation
Interpreting authority: China Banking Regulatory Commission (CBRC)

Main contents: The principal investor in a consumer finance company shall be a domestic or foreign financial institution or another investor approved by the CBRC, and shall have total assets of not less than Rmb60 billion or the equivalent in freely convertible currencies (on a consolidated basis) as at the end of the most recent year (Article 6).