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Does CBRC freeze loan funds?
It will not freeze the loan funds.

The main duties of China Banking and Insurance Regulatory Commission are to supervise the banking and insurance industries and protect the legitimate rights and interests of consumers. China Banking Regulatory Commission and its dispatched offices have no right to freeze the bank accounts of any unit or individual.

The user's loan funds were frozen because the user did not meet the loan conditions and was frozen by the lending institution. While supervising the normal operation of banks and insurance companies according to law, the CBRC also protects the legitimate rights and interests of consumers.