Chinanews.com, April 1st. In response to the recent exposure of small and medium-sized banks to consumer loan variants such as "beautiful gift loan" and "cemetery loan", Zou Lan, director of the Financial Market Department of the Central Bank, said at a press conference held today that the nature of such loans In fact, it is household consumption loans, which are used to promote customer acquisition by creating gimmicks.
Regarding this issue, the Central Bank will cooperate with the China Banking and Insurance Regulatory Commission to implement effective supervision and guidance on product innovation and business access of small and medium-sized banks.
On April 1, the State Information Office held a press conference and answered reporters’ questions on the establishment of a new development pattern and financial support for regional coordinated development.
At the meeting, a reporter asked: Recently, small and medium-sized banks have been exposed to consumer loan variants such as "beautiful gift loan" and "cemetery loan". Will the central bank regulate the variant loan behavior of small and medium-sized banks and how will it be regulated?
"The issue of'California Loan' and'Graveyard Loan' has aroused heated discussions in the society. We believe that individual banks, under the banner of so-called financial innovation, challenge social pain points, guide residents to over-debt, touch the bottom line of social public order and good customs, and break away from finances. The job of serving the real economy." Zou Lan said.
At the same time, he also pointed out that the essence of this type of loans is actually consumer loans, which are used to promote customer acquisition by creating gimmicks. This also reflects the lack of service capabilities of some small and medium-sized banks and some difficulties faced by financial development.
Zou Lan mentioned that in response to this issue, the central bank has three considerations:
First, we must continue to urge banking financial institutions to adjust and optimize their credit structure, invest more funds in the real economy such as small, medium and micro enterprises, and insist on serving the real economy.
Second, the Central Bank will cooperate with the China Banking and Insurance Regulatory Commission to implement effective supervision and guidance on product innovation and business access of small and medium-sized banks.
Support banks to innovate targeted products and services based on the actual needs of the real economy under the premise of controllable risks and prudential compliance, and promptly correct practices that are contrary to public order and good customs and run counter to the country's major policies.
Third, to take multiple measures to effectively improve the ability of small and medium-sized banks to serve the real economy, it is still necessary for them to be able to lend, willing to lend, and able to lend.