The State Administration of Financial Supervision and Administration announced the "Measures for the Administration of Fixed Asset Loans", "Measures for the Administration of Working Capital Loans" and "Measures for the Administration of Personal Loans" on the 2nd, and the "three measures" will come into force on July 1, 2024.
According to the reporter's understanding, the "three measures" were formed after the State Administration of Financial Supervision revised the credit management systems such as the "Interim Measures for the Administration of Fixed Asset Loans", "Interim Measures for the Administration of Working Capital Loans", "Interim Measures for the Administration of Personal Loans" and "Guidelines for Project Financing Business".
The key contents of this revision include: First, reasonably broaden the purpose and scope of loan objects of fixed asset loans and working capital loans, optimize the calculation requirements of working capital loans, and meet the actual needs of the credit market. The second is to adjust and optimize the standard of entrusted payment amount, appropriately extend the time limit requirements for entrusted payment, and improve the flexibility of entrusted payment. The third is to combine the online needs of information and science, clarify the handling forms such as face-to-face interviews and off-site investigations, and adapt to new financing scenarios. Fourth, it is necessary to clarify the requirements for loan tenure, guide commercial banks to effectively prevent the risk of loan term mismatch, and further optimize the loan structure. Fifth, we will further strengthen credit risk management and control, and promote commercial banks to improve the standardization of credit management. Sixth, the "Provisions on the Administration of Project Financing Business" will be included in the "Measures for the Administration of Fixed Asset Loans" as a special chapter.
It is reported that for fixed asset loans, the amendment clarifies that if the amount of a single payment to a certain transaction partner of the borrower exceeds RMB 10 million, the entrusted payment method shall be adopted. For working capital loans, it is stipulated that if the payment target is clear and the amount of a single payment to a certain transaction partner of the borrower exceeds RMB 10 million, the entrusted payment method shall be adopted. For personal loans, it is clarified that personal consumption loans with a single withdrawal amount of more than RMB 300,000 and personal business loans with a single withdrawal amount of more than RMB 500,000 shall be paid by entrusted payment.
In terms of optimizing the loan processing process, the amendment clarifies that for working capital loans for small and micro enterprises and personal loans of less than 200,000 yuan, on-site investigations can be simplified or eliminated on the premise that off-site investigations can effectively verify the authenticity of relevant information.
The person in charge of the relevant department of the State Administration of Financial Supervision said that the revision is conducive to further promoting the banking financial institutions to improve their credit management capabilities, prevent financial risks, and improve the quality and efficiency of financial services. The next step will be to do a good job in the implementation of the "three measures" and actively promote the healthy and orderly development of credit business.
*:Xinhua.