China Banking and Insurance Regulatory Commission and Central Bank: It is proposed to stipulate that online micro-lending business shall not be carried out across provincial administrative regions

　　The reporter learned from the China Banking and Insurance Regulatory Commission today that in order to regulate the online microfinance business of microfinance companies, unify the regulatory and operating rules, and promote the standardized and healthy development of the online microfinance business, the China Banking and Insurance Regulatory Commission, in conjunction with the People’s Bank of China and other departments, drafted the " Interim Measures for the Administration of Online Small-sum Loan Business (Draft for Solicitation of Comments), now open to the public for comments.

　　According to the "Interim Measures for the Administration of Online Microfinance Business (Consultation Draft)", the online microfinance business refers to the use of large data, cloud computing, mobile Internet and other technical means by microfinance companies to use the customer operations accumulated by the Internet platform. Endogenous data information such as online consumption and online transactions, and other data information obtained through legal channels, analyze and evaluate the credit risk of borrowers, determine loan methods and limits, and complete loan applications, risk reviews, loan approvals, loan issuance and loans online Small loan business in the process of recovery.

　　According to the "Measures", microfinance companies should follow the principle of small and decentralized in issuing online micro loans, in line with national industrial and credit policies, and mainly serve small and micro enterprises, farmers, urban low-income groups and other key inclusive finance Service targets, implement the concept of inclusive finance, support the development of the real economy, and give play to the channel and cost advantages of online microfinance.

　　The “Measures” clarified that microfinance companies operating online microfinance business should mainly be carried out in the provincial administrative area of ​​the place of registration; without the approval of the banking regulatory agency of the State Council, microfinance companies may not develop networks across provincial administrative areas Small loan business.

　　The Banking Regulatory Agency of the State Council formulates the supervision and management system and operation and management rules for the online microfinance business of microfinance companies, and urges and guides the financial supervision departments determined by the people's governments of provinces, autonomous regions and municipalities directly under the Central Government to supervise and manage the online microfinance business. Disposal.

　　The supervision and management department is responsible for the review and approval, supervision and management, and risk disposal of the microfinance company's online microfinance business.

　　For very few small loan companies that need to carry out online small loan business across provincial administrative regions, the banking regulatory agency of the State Council is responsible for review and approval, supervision and management, and risk management.

　　In terms of business access, the "Measures" intends to stipulate that micro-credit companies operating online micro-credit business shall be approved by the supervision and management department in accordance with the law.

If the supervision and management department intends to approve the small loan company to operate the online small loan business, it shall file with the banking regulatory agency of the State Council at least 60 days in advance.

Where a small-sum loan company conducts network small-sum loan business across provincial administrative regions, it shall be approved by the banking regulatory agency of the State Council in accordance with law.

Without the approval of the regulatory authority or the banking regulatory agency of the State Council, no entity or individual may engage in online small loan business.

　　In terms of registered capital, the "Measures" intends to stipulate that the registered capital of microfinance companies operating online microfinance business shall not be less than RMB 1 billion, and shall be a one-time paid-in monetary capital.

The registered capital of microfinance companies operating network microfinance business across provincial administrative regions is not less than RMB 5 billion, and is a one-time paid-in monetary capital.

　　In terms of loan amount, the “Measures” proposes to stipulate that: in principle, the balance of single-family online micro-loans for natural persons shall not exceed RMB 300,000, and shall not exceed one-third of their average annual income in the last three years. The lower of is the maximum loan amount; in principle, the balance of single-family online small loans to legal persons or other organizations and their affiliates shall not exceed RMB 1 million.

　　In terms of loan purposes, the "Measures" specifically clarify: Internet small loans cannot be used for investment in bonds, stocks, financial derivatives, asset management products, etc.; they cannot be used to purchase houses and repay housing mortgage loans; and laws and regulations, the State Council’s banking industry Other purposes prohibited by the supervision and management agency and the supervision and management department.

　　In addition, the "Measures" also clarified the conditions that should be met in terms of registered capital, controlling shareholders, and Internet platforms to operate online microfinance business.

Supervise and urge microfinance companies operating online microfinance business to strengthen business management, standardize equity management, capital management, and consumer rights protection work, collect and use customer information in accordance with the law, and must not induce borrowers to over-debt.

　　According to the announcement of the China Banking and Insurance Regulatory Commission, the deadline for feedback on the "Interim Measures for the Administration of Online Small Loans Business (Draft for Comment)" is: December 2, 2020.

The China Banking and Insurance Regulatory Commission will work with the People's Bank of China to further revise and improve the "Measures" based on feedback, and release them for implementation in due course after the higher-level law is promulgated.

(Headquarters CCTV reporter Wang Lei)