Today, in the era of internet finance, the meaning of consumer finance has a new interpretation, which enriches the connotation of consumer finance, that is, it is not only "borrowing money to spend", but also "making money while consuming". With the help of the high efficiency, convenience and equality of the Internet, the win-win ecology of investors, financiers, producers and consumers will be realized.
Consumer finance plays an active role in improving consumers' living standards and supporting economic growth. This financial service model has been widely used in both mature and emerging markets.
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Introduction and sources
Consumer finance company refers to a non-bank financial institution established in People's Republic of China (PRC) (China) with the approval of China Banking Regulatory Commission, which is based on the principle of small amount and dispersion, does not absorb public deposits, and provides consumer loans to individual China residents.
It comes from the Measures for the Pilot Management of Consumer Finance Companies issued by China Banking Regulatory Commission. China Banking Regulatory Commission announced on June 5438+03 that it officially issued the Measures for the Administration of Pilot Consumer Finance Companies and started the pilot approval of consumer finance companies.
The Measures stipulate that the main investors of consumer finance companies should be domestic and foreign financial institutions and other investors recognized by the CBRC, and they should have the conditions that the total assets at the end of the most recent year should not be less than 60 billion yuan; The minimum registered capital of a consumer finance company is 300 million yuan; In the pilot stage, the business scope of consumer finance companies only includes personal durable consumer goods loans and general-purpose personal consumption loans, and does not involve real estate loans and auto loans.
Baidu encyclopedia-consumer finance