According to the latest laws and regulations, all institutions must abide by the following provisions:
Banking supervision bureau; Public security departments (bureaus) of all provinces, autonomous regions and municipalities directly under the Central Government, industrial and commercial bureaus (market supervision departments), and public security bureaus of Xinjiang Production and Construction Corps; China People's Bank Shanghai Headquarters, branches, business management departments, provincial capital city center branches and sub-provincial city center branches; All policy banks, large banks, joint-stock banks, postal savings banks, foreign banks and financial asset management companies:
In order to regulate private lending behavior, maintain economic and financial order, guard against financial risks, effectively protect people's legitimate rights and interests, and crack down on financial illegal and criminal activities, according to the Banking Supervision Law of the People's Republic of China, the People's Republic of China (PRC) Commercial Bank Law, the People's Republic of China (PRC) Criminal Law and the Measures for Banning Illegal Financial Institutions and Illegal Financial Business Activities.