Legal basis: People's Republic of China (PRC) Commercial Bank Law.
(1) Being sentenced to punishment for committing crimes of corruption, bribery, embezzlement of property, misappropriation of property or disrupting social and economic order, or being deprived of political rights for committing crimes;
(2) Being a director, factory director or manager of a company or enterprise that has gone bankrupt and liquidated due to poor management, and being personally responsible for the bankruptcy of the company or enterprise;
(3) Being the legal representative of a company or enterprise whose business license has been revoked due to violation of law, and being personally liable;
(four) a large amount of debt owed by an individual has not been paid off at maturity.
Article 28 Where any unit or individual purchases more than 5% of the total shares of a commercial bank, it shall obtain the prior approval of the the State Council Banking Regulatory Authority.
Chapter III Protection of Depositors
Twenty-ninth commercial banks should follow the principles of voluntary deposit, freedom of withdrawal, interest-bearing deposit and confidentiality for depositors when handling personal savings deposit business.
Commercial banks have the right to refuse any unit or individual to inquire, freeze or deduct personal savings deposits, except as otherwise provided by law.
Article 30 A commercial bank has the right to refuse any unit or individual to inquire about unit deposits, except as otherwise provided by laws and administrative regulations; Have the right to refuse any unit or individual to freeze or deduct, except as otherwise provided by law.
Article 31 A commercial bank shall determine the deposit interest rate according to the upper and lower limits of the deposit interest rate stipulated by the People's Bank of China and make an announcement.
Article 32 A commercial bank shall, in accordance with the provisions of the People's Bank of China, deposit a deposit reserve with the People's Bank of China, and keep sufficient reserve funds.
Article 33 A commercial bank shall guarantee the payment of deposit principal and interest, and shall not delay or refuse to pay deposit principal and interest.
Chapter IV Basic Rules for Loans and Other Business
Article 34 Commercial banks should conduct loan business according to the needs of national economic and social development and under the guidance of national industrial policies.
Article 35 A commercial bank shall strictly examine the borrower's loan purpose, repayment ability and repayment method.
Commercial bank loans shall be subject to the system of separating loan review from grading approval.
Article 36 When a commercial bank lends money, the borrower shall provide guarantee. Commercial banks should strictly examine the repayment ability of guarantors, the ownership and value of collateral, and the feasibility of realizing collateral.
After examination and evaluation by a commercial bank, it is confirmed that the borrower has a good credit standing and can repay the loan, and no guarantee may be provided.
Article 37 A commercial bank shall sign a written contract with the borrower when issuing loans. The contract shall stipulate the type, purpose, amount, interest rate, repayment period, repayment method, liability for breach of contract and other matters that both parties think need to be agreed.
Article 38 A commercial bank shall determine the loan interest rate according to the upper and lower limits of the loan interest rate stipulated by the People's Bank of China.