Legal basis: Interim Measures for the Administration of Working Capital Loans Article 1 These Measures are formulated in accordance with the Banking Supervision Law of the People's Republic of China, the Law of People's Republic of China (PRC) Commercial Bank and other relevant laws and regulations in order to standardize the operating behavior of working capital loans of banking financial institutions, strengthen the prudent management of working capital loans and promote the healthy development of working capital loans.
Article 667 of the Civil Law of People's Republic of China (PRC) is a loan contract in which the borrower borrows money from the lender, repays the loan at maturity and pays interest.