China News Service, July 15. The China Banking and Insurance Regulatory Commission issued the "Notice of the China Banking and Insurance Regulatory Commission on Strengthening the Management of Commercial Banks' Internet Loan Business to Improve the Quality and Efficiency of Financial Services" on the 15th.
The "Notice" requires that
the management of loan funds be strengthened
.
The key links such as loan fund issuance, principal and interest recovery withholding, and stop payment are independently decided by the bank, and the instructions are initiated by the bank.
In the case of self-payment, the funds shall be directly released to the borrower's bank account; in the case of entrusted payment, the commercial bank shall perform the entrusted payment responsibility, and finally pay the loan funds to the transaction object that meets the purpose stipulated in the borrower's contract.
Commercial banks shall independently and completely retain account flow information such as loan fund disbursement, principal and interest recovery, take the initiative to strengthen loan fund management, and take effective measures to monitor loan use
, ensure the safety of loan funds, and prevent cooperative institutions from intercepting, pooling, or misappropriating.
(Zhongxin Finance)