Private lending center
By Jane Feng |
April 27, 2012, Friday
|
Print Edition
Print Edition
A registration center for private lending was set in Wenzhou, Zhejiang Province, yesterday as the city seeks to regulate the underground money market.
The center will provide information for private lending agencies, borrowers and credit rating agencies, said Xu Zhiqiang, its manager.
It is hoped that the center's set-up will help regulate the city's gray but flourishing underground lending market.
The center will provide information for private lending agencies, borrowers and credit rating agencies, said Xu Zhiqiang, its manager.
It is hoped that the center's set-up will help regulate the city's gray but flourishing underground lending market.
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