The State Administration of Financial Supervision and Administration issued the "Administrative Measures for Fixed Asset Loans", "Administrative Measures for Working Capital Loans" and "Administrative Measures for Personal Loans"
In order to further promote banking financial institutions to improve their credit management capabilities and financial service quality and efficiency, the State Administration of Financial Supervision has issued the Interim Measures for the Administration of Fixed Asset Loans (Order No. 2 of 2009 of the China Banking Regulatory Commission) and the Interim Measures for the Administration of Working Capital Loans. "Measures" (China Banking Regulatory Commission Order No. 1, 2010), "Interim Measures for the Administration of Personal Loans" (China Banking Regulatory Commission Order No. 2, 2010) and "Project Financing Business Guidelines" (issued by the China Banking Regulatory Commission) 2009〕No. 71) and other credit management systems have been revised to form the "Fixed Asset Loan Management Measures", "Working Capital Loan Management Measures" and "Personal Loan Management Measures" (hereinafter referred to as the "Three Measures"), which are now officially released in 2024 It will come into effect on July 1, 2019.
The key contents of this revision include: First, reasonably broaden the purposes and scope of loan objects for fixed asset loans and working capital loans, optimize the calculation requirements for working capital loans, and meet the actual needs of the credit market. The second is to adjust and optimize the standards for entrusted payment amounts, appropriately extend the time limits for entrusted payments, and enhance the flexibility of entrusted payments. The third is to combine the online needs of credit processing and clarify processing methods such as video interviews and off-site investigations to adapt to new financing scenarios. The fourth is to clarify loan term requirements, guide commercial banks to effectively prevent loan term mismatch risks, and further optimize loan structures. The fifth is to further strengthen credit risk management and control and promote commercial banks to improve the standardization level of credit management. Sixth, the "Project Financing Business Management Regulations" will be incorporated into the "Fixed Asset Loan Management Measures" as a special chapter.
From January 6 to February 6, 2023, the "Three Measures" and the "Project Financing Business Management Regulations" were publicly solicited for opinions, and financial institutions, experts, scholars, and the public paid extensive attention. Judging from the feedback, all parties generally support this revision. The State Administration of Financial Supervision has sorted out and carefully studied the feedback from all parties one by one, fully absorbed the scientific and reasonable suggestions, and further modified and improved the relevant systems.
The issuance and implementation of the "Three Measures" is an important measure to improve the credit management system of my country's banking financial institutions, which will help further promote banking financial institutions to improve their credit management capabilities, prevent financial risks, and improve the quality and efficiency of financial services. In the next step, the State Administration of Financial Supervision will implement the "three measures" and actively promote the healthy and orderly development of the credit business.
(Official WeChat of the State Financial Supervision Administration)