CIIC:Today's featured article/October 29, 2016

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Private lending in China. [File photo] ]

Private lending (民间借贷) is lending between citizens, citizens and a legal entity, and citizens and corporations. Private individual lending activities should observe national laws and relevant administrative regulations on the principles of voluntary, honesty and mutual aid. The interest rate of private lending should not be four times higher than that of banks in China. Excessive interest is not protected by law. (More...)

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