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In order to standardize the commercial bank Internet loan business operation behavior, to promote the smooth and healthy development of the Internet loan business,

In order to standardize the commercial bank Internet loan business operation behavior, to promote the smooth and healthy development of the Internet loan business,

Interim Measures (Draft) for the Management of the Internet Loan for the commercial banks issued by the China Banking Regulatory Commission. Interim Measures (Draft)", the public consultation for the community for a period of one month to June 9th.

Assisted lending, joint lending and other Internet lending is a new type of lending that has emerged in the banking industry in recent years, and banks usually cooperate with Internet platforms, microfinance companies and other external institutions, using Internet technology, big data means to realize the purely online review of the loan, lending and so on.

However, as an emerging type of loan, Internet lending has seen some pitfalls along with its rapid development. Compared with the traditional offline lending model, Internet lending has the characteristics of relying on big data and models for risk assessment, automatic operation of the whole process online, no manual or very little manual intervention, and extremely fast approval and lending, which has played a positive role in improving the efficiency of lending, innovating the means of risk assessment, and broadening the coverage of financial customers, etc., the said person in charge of the CBIRC said. At the same time, the Internet lending business has also revealed problems and hidden risks such as imprudent risk management, inadequate financial consumer protection, and inadequate monitoring of the use of funds.

The relevant person in charge of the CBIRC said that in recent years, the Internet lending business of commercial banks has been developing rapidly, and all kinds of commercial banks are carrying out Internet lending business in different ways and to different degrees. The existing relevant management measures do not fully cover the above issues, and commercial bank Internet loans to customers online authentication, in fact, has broken through the face-to-face interviews face-to-face interviews and on-site investigation and other provisions. Therefore, it is necessary to make up the short board of the system as soon as possible to promote the standardized development of the Internet loan business.

In fact, the document has previously been in the industry a small range of consultation, compared to the previous version of the industry circulated, the "Measures" slightly modified, the main changes in the personal consumption credit loan credit limit adjustment, the Internet loan using fiduciary payment method does not set specific scenarios requirements, etc..

For example, the Measures state that the credit limit of personal credit loans for consumption by a single household should not exceed RMB 200,000 yuan, and the credit period should not exceed one year if a one-time repayment of principal is due. This is slightly different from the previous version of the exposure draft circulated in the industry, which lowered the credit limit for personal credit loans from 300,000 to 200,000 yuan.

The Measures also strengthen the management of loan payment and use of funds. The use of loan funds should be clear and legal, and shall not be used for home purchase or repayment of housing mortgage loans, investment in stocks, bonds, futures, financial derivatives and asset management products, and fixed assets and equity investments, etc.

In addition, in terms of transitional arrangements, in accordance with the principle of "old and new" set up a transitional period of two years from the date of implementation of the Measures.

Three, Internet lending principles

Internet lending should follow the principles of small, short-term, efficient and risk-controllable. According to the new regulations on Internet lending, one is to reasonably define the connotation and scope of Internet lending, and make it clear that Internet lending should follow the principles of small, short-term, efficient and risk-controllable. The second is to clarify the risk management requirements. Commercial banks should establish a comprehensive risk management system for Internet lending business, carry out risk control in the whole process of pre-lending, lending and post-lending, strengthen risk data and risk model management, and also prevent and control information technology risks. Third, regulating the management of cooperative institutions. Commercial banks are required to establish a sound mechanism for the entry and exit of cooperative institutions, and to strengthen management and solidify responsibilities in the areas of internal control system, pre-entry assessment, agreement signing, information disclosure, and ongoing management. For loans issued with the same capital as cooperative institutions***, the Measures put forward requirements such as strengthening limit management and concentration management. Fourth, strengthening consumer protection. It is clear that commercial banks should establish a mechanism to protect the rights and interests of Internet borrowers, and put forward clear requirements on the source, use and custody of borrower data. The Measures also stipulate that commercial banks shall strengthen information disclosure and shall not entrust cooperative institutions with records of violations of laws and regulations to carry out liquidation. Fifthly, it strengthens supervision during and after the incident. The Measures set out regulatory requirements for commercial banks to submit reports on the status of their Internet lending business, self-assessments, and reports on significant matters. Supervisory agencies implement supervision and inspection, and pursue legal responsibility for violations in accordance with the law. In addition, the Interim Measures for the Administration of Internet Lending by Commercial Banks states that Internet lending should follow the principles of small amount, short-term, high efficiency and risk controllability. The credit limit of personal credit loans for consumption by a single household should not exceed RMB 200,000 yuan, and the credit period should not exceed one year if a one-time repayment of principal is due.

Four, p2p network lending system design principles?

Hangzhou Rongdu's current main business includes: p2p network lending e-commerce platform development, software development and outsourcing.