22 January 2019

Shenzhen raises financing cap for small-loan firms, paper says

Shenzhen’s Financial Service Office has raised the cap on financing by small-loan companies from half of their registered capital to 200 percent, China Business News reported Friday. Since 2012, the financing thresholds for small-loan companies in provinces such as Sichuan, Liaoning and Guangdong have been relaxed to 100 percent of a firm’s registered capital, while the ceiling has been lifted to 230 percent in Chongqing and 200 percent in Hainan. Shenzhen’s small-loan companies can raise funds through asset securitization, re-lending or bank loans, the report said.

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