According to Article 7 of the Notice of the China Banking Regulatory Commission on Further Implementing the Financial Services Supervision Policy for Small and Micro Enterprises, internal management is strengthened, and employees are prohibited from starting or participating in the operation of private financing institutions such as pawn shops, small loan companies, guarantee companies and P2P online lending companies. If the management of the head office and branches at all levels and the close relatives of credit line employees start or invest in the above-mentioned private financing institutions or hold senior management positions in such institutions, they will be transferred from their posts within a time limit in accordance with the principle of post avoidance.

Close relatives mentioned in this notice include spouses, parents, children, brothers and sisters, grandparents, grandchildren and grandchildren, etc. according to the provisions of relevant laws and regulations. Relevant institutions shall, in accordance with the requirements of this notice, formulate internal rules and regulations on duty avoidance, comprehensively investigate the situation that employees do not meet the requirements of duty avoidance, and report relevant rules and regulations and measures to the regulatory authorities in writing before the end of 20 15 to complete internal investigation and rectification.

Extended data:

The relevant requirements for private lending stipulate that:

1. We should actively respond to the current economic growth shift and the rise of non-performing loans in small and micro enterprises, strengthen risk identification and control, make good use of the pre-tax deduction policy for write-off of non-performing loans, and increase the disposal and write-off of non-performing loans in small and micro enterprises.

2. Banking financial institutions should continue to ensure that the allocation of internal resources such as institutions, personnel and systems is inclined to the business lines of small and micro enterprises. It is necessary to continue to improve the system of financial service institutions for small and micro enterprises, increase the construction of franchised institutions, and focus on extending outlets and businesses to areas where small and micro enterprises are concentrated, such as counties and towns.

3. Encourage small and medium-sized commercial banks to set up community branches and small and micro branches that take root at the grassroots level and serve small and micro businesses. It is necessary to strengthen talent training and echelon construction for the grassroots, and strive to build a full-time, professional account manager and credit approval team for small and micro enterprises. We should attach great importance to the construction of information systems and use network information technology to improve the efficiency and convenience of serving small and micro enterprises.

Central People's Government-China Banking Regulatory Commission on Further Implementing the Financial Services Supervision Policy for Small and Micro Enterprises