1. The main sponsors shall take the lead in setting up the preparatory group of the microfinance company, submit the application for pre-approval of the enterprise name to the administrative department for industry and commerce in the name of the preparatory group, and submit the application for preparation and application materials to the district (city) county microfinance business supervision department to be registered.

2 district (city) county microfinance business supervision department after the audit put forward preliminary opinions, and with the consent of the district (city) county government, reported to the Municipal Finance Office.

3 city finance office to review the application materials and put forward the review opinions submitted to the provincial government finance office for approval.

4. With the approval of the Financial Office of the provincial government, the relevant approval documents for preparation will be issued.

5. The preparatory group of the small loan company shall complete the capital verification and other preparatory work within the validity period of the preparatory approval.

6. Convene the founding meeting and the first shareholders' meeting of the small loan company, and after determining the major issues before opening, apply to the local (city) county financial office for opening.

7. The local (city) county finance office shall conduct a preliminary examination of the company's application materials, and report them to the municipal finance office for acceptance after passing the preliminary examination.

8. The Municipal Finance Office shall, jointly with the relevant municipal departments and the local district (city) and county supervision departments, issue acceptance documents to the preparatory group of small loan companies after passing the on-site acceptance.

9. Within 30 working days after receiving the approval of business opening, register with the administrative department for industry and commerce and obtain a business license with the approval document of business opening and the approval document of the financial office of the provincial government.

10. The microfinance company shall, within five working days after obtaining the business license, submit the relevant materials to the local competent department, the public security organ, the agency of China Banking Regulatory Commission and the branch of China People's Bank for the record.

1 1. The microfinance company entrusts its funds to the custodian bank, and the microfinance company, the custodian bank and the Municipal Finance Office sign a tripartite agreement, and the custodian bank supervises the payment.