Recently, the China Banking Association released the China Consumer Finance Company Development Report (2024) (the "Report"). This is the sixth year that the China Banking Association has issued an annual report to the public on the development of consumer finance companies. The Report comprehensively reflects the overall business conditions of consumer finance companies in 2023, systematically summarizing the specialized and differentiated development characteristics of consumer finance companies and fully demonstrating the responsibilities and duties of consumer finance companies through informative data and abundant case examples.
Han Kun has played a key role in preparing the Report, acting as the sole law firm responsible for the compilation of the annual report for five consecutive years, ranging from 2020 to date, a demonstration of the firm's commitment to facilitating the development of the consumer finance sector. The main content of the Report consists of six parts, namely, the development environment, regulatory requirements, business developments, development characteristics, social responsibility, and development trends.
Chapter 1: Development Environment
Analyzes the external environment for the development of consumer finance companies from the perspective of government policies, macro-economy, monetary finance, and industry development.
Chapter 2: Regulatory Requirements
Analyzes in detail the new regulatory requirements put forward by the financial regulatory authorities and other government departments on the development of financial institutions and consumer finance companies in 2023 from the perspective of institutional, business and other relevant regulation.
Chapter 3: Business Development
Outlines the basic situation, development achievements, and challenges of the business development of consumer finance companies in 2023 from the perspectives of credit business, financing business, and risk prevention and control.
Chapter 4: Development Characteristics
Through a wealth of data and cases, fully explains the characteristics of the financial services of consumer finance companies in the practice of inclusive finance, serving the real economy, applying financial technology, strengthening financial services for new citizens, promoting rural revitalization, and protecting the legitimate rights and interests of consumers in the development process of consumer finance companies.
Chapter 5: Social Responsibility
Comprehensively introduces, through cases, the contents of strengthening Party building, optimizing corporate governance, protecting the rights and interests of employees, caring for the vulnerable, devoting public welfare compassion, promoting green development, and assuming environmental responsibility in the business development of consumer finance companies.
Chapter 6: Development Trends
Observes and considers the new characteristics and trends of the future development of consumer finance companies through a questionnaire survey and in combination with typical cases.
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