Non-banking Financial Institutions Working Group Report 2021 Go back »
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Published on:2022-05-26
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Category:Other
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by:Non-Banking Financial Institutions (Sub-working Group) Working Group / Forum
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Keywords:
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The Non-banking Financial Institutions (NBFI) Working Group was established in 2008. It includes leading European consumer finance specialists who operate consumer finance companies, auto finance companies, small loan companies and other entities engaged in consumer finance services in cooperation with third parties (for example, guarantee companies) in China. As of 2020, the working group also includes equipment leasing companies. This working group reflects the importance attached to the emerging non-banking financing sector in China, its relevance to the State Council’s major policy objectives and the attention European players pay to China’s agenda. In 2021, the name of the working group was changed from the Consumer Finance and Non-banking Financial Institutions Working Group to the Non-banking Financial Institutions Working Group to better encompass the many distinct players within the non-banking segment of the economy.
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