In order to effectively prevent and control the risks of online lending business, the Measures focus on the following aspects. The first is to clarify the principle of small short-term online loans, set limits on the credit of consumer personal credit loans, and prevent the risk of rapid increase in the leverage ratio of residents.
For personal loans and working capital loans with a term of more than 1 year, commercial banks should re-evaluate and approve the corresponding credit at least once a year.
The second is to strengthen unified credit management and prevent excessive credit.
The third is to strengthen the management of loan payment and fund use. The loan funds are used clearly and legally, and shall not be used for investment in house purchase, stocks, bonds, futures, financial derivatives and asset management products, or for investment in fixed assets and equity.
Fourth, put forward the whole process and all-round requirements for risk data, risk model management and information technology risk management. The fifth is to strengthen post-event supervision. Regulators should supervise and inspect the Internet loans of commercial banks, establish a data statistics and monitoring mechanism, put forward prudential supervision requirements according to factors such as the management and risk level of commercial banks, and strictly observe the risk bottom line.