The way to fundamentally change that is to accelerate the introduction of the registration-based system with information disclosure established as a core requirement and effectively strengthen investor eligibility supervision to ensure that issuers, intermediaries and investors fulfill their respective obligations and bear their respective responsibilities in accordance with the law.
–  At several meetings, participants noted that some small businesses are turning toward non-mainstream finance sources such as factoring companies and pay-day loans, which carry higher fees and interest rates, due to the lack of conventional credit sources.