A Single Loan Of 5 Million Yuan Or More Must Be Registered.

Less than p ago, the executive meeting of the municipal government studied the adoption of < < a href= > //www.sjfzxm.com/news/index_c.asp > > < < < /a > > Quanzhou municipal private financing management Interim Provisions "(hereinafter referred to as the" Regulations "), by standardizing the folk financing behavior, cultivating service institutions, improving the supervision system, strengthening risk prevention and control, and so on, constructing the a href=" //www.sjfzxm.com/news/index_c.asp "> private finance < /a > benign development mechanism.

In the future, the amount of private financing and the number of borrowers will reach a certain scale, which has a greater impact on the interests of the parties or a larger social impact.

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< p > < strong > < a > href= > //www.sjfzxm.com/news/index_c.asp > interest on loans < /a > no deduction should be made in advance in the principal < /strong > /p >

< < p > < < Regulations > requires that the behavior of private financing pactions must be kept in the "three bottom line": to ensure that the loan funds in the private financing pactions are the legitimate funds of the borrowers, and not to borrow money from the bank credit funds by illegal financing or violation; lending rates should not violate the provisions of the national interest rate restriction; the private financing can not repay the loans on time, and the parties concerned should properly resolve them through consultation or through legal channels, and shall not resort to violence or coercion.

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< p > the interest rate of private lending is determined by the two sides, and the interest on loans must not be deducted from the principal in advance.

Where interest is deducted from the principal in advance, the loan shall be refunded and interest calculated according to the actual amount borrowed.

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< p > staff of local financial authorities and private financing service institutions shall not take advantage of their duties to facilitate participation in private financing activities.

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< p > no organization or individual shall publicize private financing to specific objects through public media or lectures, reports, leaflets, cell phone messages, etc.

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< p > < strong > cultivate three types of private financing institutions: < /strong > /p >

< p > our city will vigorously cultivate private financing institutions, including private capital management agencies, private financing intermediary service institutions and private financing public service institutions.

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< p > encourage the establishment of government guided funds and various equity investment funds, promote private capital intensive management, and attract more private capital to enter the real economy in an orderly way through equity and debt investments.

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< p > private financing public service institutions may accept the entrustment of local financial management departments, engage in the issuance of private financing comprehensive interest rate index, collect statistical information, conduct risk monitoring and evaluation of private financing, establish private financing credit files, and accept private lending registration in accordance with the regulations.

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< p > < strong > natural persons borrowing 2 million yuan or more must be registered < /strong > < /p >.

< p > our city will improve the registration system of private financing, and incorporate the construction of private financing credit system into the construction of social credit system.

In accordance with the principle of territoriality, the institutions designated in the county (city or district) shall register if there are the following circumstances: < /p >

< p > all kinds of local quasi financial institutions approved by the municipal financial work bureau to carry out business related to private financing; < /p >

< p > the amount of private financing and the number of borrowers reaching a certain scale will have a greater impact on the interests of the parties or a greater social impact, including, but not limited to, a single loan of 2 million yuan or more for natural persons; a single loan of 5 million yuan or more; loans of more than 500 thousand yuan and loans involving 10 or more people; and loans to 10 or more people for a single time.

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< p > our city will also improve the joint conference system and strengthen private financing supervision.

City and county level two will set up special reporting lines for illegal financial activities.

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