Tools: Save | Print | E-mail | Most Read
First Village Bank Opens in Sichuan
Adjust font size:

China's first village bank opened for business yesterday in southwest China's Sichuan Province, part of a pilot program to improve rural financial services.

The Sichuan Yilong Huimin County Bank, in Nanchong of Sichuan Province, has registered capital of 2 million yuan.

It is one of the first five new types of rural financial institutions approved after the banking regulator lowered market entry restrictions in the rural banking sector in December.

According to officials from the Sichuan branch of the China Banking Regulatory Commission (CBRC), Nanchong City Commercial Bank holds a 50 percent stake in the new village bank.

Five private companies based in Nanchong own the other half of the bank.

The village bank offers small loans and deposit services.

Farmers can get loans of up to 20,000 yuan without guarantee, while small enterprises or farmers engaged in special areas can obtain loans of up to 100,000 yuan.

The interest rate for loans is higher than the central bank's benchmark interest rate.

The bank is the smallest in China, with only 10 staff and two counters at one outlet covering an area of 40 square meters.

The Huimin Lending Company, a subsidiary of the village bank and 100 percent-invested by Nanchong City Commercial Bank, also opened in Jincheng and Ma'an in Yilong County yesterday.

The company provides only a loans service.

The two rural financial institutions have already held shareholder meetings, elected boards of directors and supervisors, and worked out company regulations and management rules, Wu Qifu, a Yilong County official, told China Daily.

Wu said they planned to build convenient and flexible borrowing processes and develop small loan products tailored to farmers and the rural sector.

As one of six pilot provinces for rural financial institutions selected by the CBRC, Sichuan has chosen Nanchong, Mianyang and Guangyuan for the program.

(China Daily March 2, 2007)

Tools: Save | Print | E-mail | Most Read

Related Stories

Product Directory
China Search
Country Search
Hot Buys
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號
主站蜘蛛池模板: 夫妻免费无码V看片| zztt668.su黑料不打烊| 七次郎在线视频观看精品| 97一区二区三区四区久久| 香蕉久久人人爽人人爽人人片av| 福利视频1000| 最近免费中文字幕大全免费版视频 | 国产一区二区三区不卡免费观看| 亚洲综合无码一区二区三区| 久久国产精品免费一区二区三区| h国产在线观看| 高清不卡毛片免费观看| 波多野结衣大片| 无码内射中文字幕岛国片| 国产高清视频网站| 啊v在线免费观看| 亚洲一区二区三区国产精品无码| 一级一级女人真片| 国产精品视频h| 污网站在线免费观看| 手机在线免费视频| 国产清纯91天堂在线观看| 啊灬啊灬别停啊灬用力啊免费 | 免费国产a国产片高清网站| 久久精品国产亚洲AV香蕉| 98精品国产高清在线看入口| 美女的尿口视频网站 | 欧美在线观看视频一区| 开心久久婷婷综合中文字幕| 国产成人无码免费看片软件 | 亚洲成人黄色在线| 一本一本久久a久久综合精品 | 波多野结衣被三个小鬼| 成年女人免费视频播放体验区| 国产成人综合亚洲欧美在| 亚洲欧美乱日韩乱国产| yy6080理aa级伦大片一级毛片| 里番acg里番本子全彩| 柳菁菁《萃5》专辑| 好吊视频一区二区三区| 国产91精品在线观看|