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Is Baiqian Finance recognized by the state?
As long as it is a platform allowed and recognized by the state, it is recognized. Among them, usury is not protected, but not illegal. There is no crime of usury in criminal law, only the crime of illegally absorbing public deposits. However, those who violate the criminal law in the process of usury shall be investigated for criminal responsibility according to law.
What are the business scope of Baiqian Finance?
Entrusted by banks and financial institutions, Baiqian Finance is engaged in information technology and business process outsourcing services, including system application management and maintenance, information technology support management, back-office services of banks and financial institutions, financial settlement, software development, data processing, and overdue payment notification services of banks and financial institutions. Business information consultation (excluding restricted items).
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