The stock platform loan policy has finally loosened. Zhou Mubing, vice chairman of the CBRC, publicly stated that in the next stage, the CBRC will focus on risk mitigation, rectification and credit enhancement of existing platform loans.
In addition, to the surprise of the industry, Zhou Mubing mentioned some eligible platform loans for the first time, which will allow the repayment period to be extended or extended once.
This is the first time that the senior management of the CBRC has relaxed the requirements for the disposal of existing platform loans since the CBRC launched a major investigation on "unpacking, recovery and classified disposal" of platform loans in 2009. Prior to this, the regulatory authorities have always been very strict about the supervision attitude of the stock platform loans, and it is forbidden to make any move by extending the period or borrowing the old ones. At the mid-year working meeting of the trust network held at the end of July 2009, Liu, chairman of the China Banking Regulatory Commission, once again stressed that "the principal and interest of loans due shall not be extended or borrowed from the new to repay the old".