Date
20 October 2017

Wenzhou unveils private financing rules, paper says

Wenzhou has issued detailed regulations on private financing, giving legal status to underground lenders, Shanghai Securities News reported Tuesday, citing a statement from the local government. The rules set the stage for a private financing law which takes effect on March 1. A public consultation in under way. Wenzhou, which is piloting financial reform, will implement a credit reporting system for private financing, the report said.

– Contact HKEJ at [email protected]

KZ/MY/RA

 

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