Reasons for the closure of Ningbo direct selling bank

Capital chain fracture, risk problem. According to the inquiry of China Banking and Insurance Regulatory Commission, China.

1. The main reason for the bankruptcy of Ningbo direct selling bank is that the capital chain is broken, and it can't continue to operate, and finally it goes bankrupt.

2. There are some risk management problems in the operation of Ningbo direct selling bank, which eventually leads to bankruptcy.