Shaoxing County Microfinance Companies Self Discipline Convention

In order to maintain the orderly and fair competition of small loan companies

The first is to strictly implement the relevant national and local financial policies and policies, and carry out business under the principle of equality, voluntariness, fairness and honesty and credibility, so as not to damage national interests, social and public interests, customer interests and industrial interests.

The second is to abide by the principle of fair competition, maintain normal market order, abide by business ethics, and engage in unfair business practices such as denigrating the business reputation of other units in the industry, disrupt the normal operation order, and eliminate vicious competition and market monopoly.

Third, strictly enforce the state and local financing, interest rates and other provisions, shall not absorb or take deposits in disguised form, shall not collect funds illegally in any form, shall not charge the upper limit of interest rates above the state regulations, and shall not in any form disguise the interests of the third party companies or individuals who are interested in the market to collect more than the upper limit stipulated by the financial authorities.

Fourth, adhere to the principle of "small and scattered", adhere to the service of "three rural" and small and micro enterprises.

A small household loan of less than 1 million yuan or a breeding loan should not be less than 70%.

The fifth is to establish and improve various loan management systems.

Improve corporate governance and internal control mechanisms to enhance risk management capabilities.

Establish a major accountability system and establish a long-term mechanism to prevent case risks.

We need to tighten up loan management and not allow illegal lending and illegal lending.

Sixth, strengthen the cultural construction and professional ethics of small loan companies.

Seventh, according to the Convention, the county finance office and the County Bureau of industry and Commerce regularly organize and supervise the implementation of the Convention on small loan companies within the county.

If a violation of this Convention is made, it may be ordered to make rectification within a prescribed time limit, and internal criticism should be made according to the degree of breach of contract.