China Banking Regulatory Commission, Tentative Provisions on the Restructuring of Microfinance Companies into Rural Banks

中国银行业监督管理委员会小额贷款公司改制设立村镇银行暂行规定

October 10, 2009 | BY

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Restructuring of a microfinance company into a rural bank requires a bank promoter.

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Issued: June 9 2009

Effective: as of date of issuance

Main contents: To restructure into a rural bank, a microfinance company shall fulfil the following criteria:

(1) more than two-thirds