New rules for personal loans not raising the bar to ensure capital enters the real economy

Xinhua Beijing, October 28 (reporter Bai Jiechun, Liu Shiping) China Banking Regulatory Commission 28th on the "Personal loan management interim measures" open for comments, then this will give the personal loan market how the impact? Will the threshold for loans be raised?　　Can the risk be effectively prevented? Unified credit management standards data show that the first half of this year, China's new personal consumption loans 650.8 billion yuan, more than the same period last year increased 391.7 billion yuan. However, at present, there is no uniform management method for individual loans, and there is a lack of uniform standards among commercial banks, which face greater legal risks and reputational risks.　　At the same time, some bank loan business irregularities, especially "fake mortgage", "top" and loan misappropriation, etc.　　The CBRC officials said that the "interim measures for the administration of personal loans", to be consulted by the society, would be the first personal loan management regulation in China.　　The draft includes the whole process from loan acceptance to loan recovery, which covers the main parties ' behaviors, such as borrowers, lenders, transaction objects and intermediary agencies, and makes institutional arrangements from the integrity of operation and systematic consideration.　　Not raising the threshold of loans to help promote the development of bank loan business according to the introduction, the release of the request for comments on the whole process of loan monitoring and management, no specific loan business applications set up additional conditions, so will not have an impact on the acquisition of credit. In terms of loan use, it is emphasized that no specified use of loans shall be issued, and that the loan funds should be managed and controlled in a way that the lender is entrusted to pay or the borrower is paid by himself. and the specific management rules and operating procedures by the commercial banks in accordance with the relevant requirements, the implementation of personalized management.