China's first loan management new regulations solicit opinions

No specified use of the loan Jing Chu net message (Chu Tian Jin Pao) according to Xinhua news agency, China's Banking Regulatory Commission announced 28th, in respect of the interim measures for the administration of personal loans, the public solicit opinions from all sectors of the community, stressing that lenders shall not issue personal loans without specified use, and that the loan interview system must be established and strictly enforced,　　Ensure the authenticity of the loan use. The draft stipulates that lenders shall not issue personal loans without a specified purpose. At the same time, the lender should strengthen the loan fund payment management, according to the contract use to the borrower's trading object to pay.　　In principle, the personal loan funds shall be paid to the borrower by the trustee payment method.　　The draft emphasizes that the lender should require the borrower to sign the loan contract and other related documents in person, establish and strictly implement the credit interview system, grasp the authenticity of the borrower's transaction, the real use of the loan, the repayment intention and the repayment ability, and prevent the false mortgage business from happening. The CBRC said that the draft did not set additional conditions for the application of specific types of loans and that the monitoring and management of the whole process of the loan did not raise the threshold of personal access to credit and therefore would not have an impact on the acquisition of credit.