Legislation roundup: Online lending, illness insurance and financing security

The PBOC has required online lending organizations to get approval and the State Council has raised the payment percentage for critical illness insurance and promoted a national financing security fund

2 minute readAugust 21, 2015 at 04:57 AM
By
clpstaff
& clp articles

Banking



People's Bank of China, Regulations for Non-Deposit Taking Lending Organizations (Draft for Comments)

中国人民银行非存款类放贷组织条例(征求意见稿)



A non-deposit taking lending organization wishing to engage in lending business through an internet platform shall require the approval of the regulator and secure a lending business permit.

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