Monday 18 August 2008

Good news: small loan companies are allowed now. Bad news: Foreign companies can not invest in it.

It is said that starting in Sept., Zhejiang authority will accept applications for small loan companies.
This is a breakthrough!!

However, the company can not have any foreign shareholders. I am not surprised. However, rules like that have never stopped foreign capital in the past. You can find a Chinese to handle it for you. Or you can set up a company to control another company to control another company to invest in.

Figure it out and jump in!

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