Recently, Pingxiang Yinjiang Jinke Network Microloan Co., Ltd., jointly sponsored by Yinjiang Technology Group Co., Ltd. and Zhejiang Jinke Entertainment and Culture Co., Ltd. (300459), was approved by Jiangxi Provincial Finance Office and will be prepared for construction in Luxi County, Pingxiang City, Jiangxi Province. With a registered capital of 500 million yuan, the company can carry out online microfinance business nationwide and offline microfinance business in Pingxiang City through the network platform, and carry out information consulting business, financial consulting business, etc. nationwide. It is a new type of "Internet plus" financial enterprise. After completion, it can issue online microfinance of 2.5 billion yuan every year. 

According to the relevant documents of Jiangxi Province, applying for the establishment of an online small loan company should meet the general requirements for establishing a small loan company. The preparation application materials include a legal opinion issued by a lawyer intermediary on the relationship between the contributors of the small loan company, and all shareholders must not have a related relationship. Our lawyers have been entrusted to issue a legal opinion on the affiliation of contributors to online microfinance companies in accordance with the currently effective laws, regulations, and normative documents, as well as the recognized business standards, ethics, and diligence of the lawyer industry, to assist in the preparation for the establishment of Pingxiang Yinjiang Jinke Online Microloan Co., Ltd. 

Lawyers Qian Yuxin, Mao Zhiying, and Chen Jianchun from our firm undertook the legal services for this project.

This article is translated by software translator for reference only.