Title :
Notice of Retraction
The Micro-credit Companies in China: Policy Development and Reflection on its Transformation Disputes
Author_Institution :
Sch. of Econ., Beijing Technol. & Bus. Univ., Beijing, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
Since May 2008, the experiments of the commercial micro-credit companies (MCCs) in China which permitted to offer loans but not to take deposits have been expanded to the whole country fast, and the development of MCCs has received more attention. However, a new policy on the MCCs issued by the CBRC (China Banking Regulation Commission) in June 18, 2009 caused extensive disputes. This paper first summarizes the relevant policies and its development, and then focuses on analyzing the transformation rules of the MCCs to village banks and its main disputes, and then makes a deep reflection on the transformation rules of MCCs and its potential developing directions in the future.
Keywords :
banking; microeconomics; CBRC; China; China Banking Regulation Commission; MCC; micro-credit companies; policy development; transformation disputes; village bank; Banking; Companies; Economic indicators; Electronic government; Reflection; micro-credit companies (MCCs); transformation disputes; village banks;
Conference_Titel :
E-Business and E-Government (ICEE), 2010 International Conference on
Conference_Location :
Guangzhou
Print_ISBN :
978-0-7695-3997-3
DOI :
10.1109/ICEE.2010.1223
