For private banks to operate Internet loans, specific provisions have been made in terms of risk data and risk model, acceptance and investigation, credit granting and approval, contract signing, issuance and payment, post-loan management, cooperative institutions, regulatory requirements and legal responsibilities.

The "Interim Measures" (draft for comment) shows that the term "Internet loan" as mentioned in these Measures refers to local and foreign currency loans provided by borrowers to eligible borrowers through Internet channels, and lenders (note: private banks) use Internet technology and mobile communication technology for their consumption and daily production and operation turnover through big data information and risk models; Including personal loans and working capital loans.

The Interim Measures (Draft for Comment) clearly stipulates the access of cooperative institutions of private banks, and regulates the joint loan business for the first time, such as the qualifications of cooperative institutions of joint loans. This requirement is limited to banking financial institutions established with the approval of China Banking Regulatory Commission, which have financial licenses and are allowed to operate loan business. In addition, private banks should carry out preparations for Internet loan operation in accordance with the requirements of the above Measures, and submit applications to the regulatory authorities in a timely manner before they can operate Internet loans.