CBIRC Updates Address Lending and Other Measures for Banks
The China Banking and Insurance Regulatory Commission (CBIRC) is seeking comments, until February 06, 2023, on regulations on the management of project financing business management and administrative measures for fixed assets loans, working capital loans, and personal loans. In addition, CBIRC issued administrative measures for banking and insurance supervision and statistics, which will come in effect from February 01, 2023.
The rules on management of project financing business, including measures for fixed assets loans, working capital loans, and personal loans, were revised to further promote banking financial institutions to improve credit management capabilities and financial services efficiency. The key revisions include:
- broadening the scope of purposes and objects of working capital loans and fixed asset loans to meet the actual needs of the credit market.
- clarifying the entrusted payment standards, payment time limit, rules on emergency funds, and improving the flexibility of entrusted payments.
- adjusting the loan business processing mode, clarifying the processing methods such as video interviews and off-site investigations, and adapting to new financing scenarios.
- optimizing the calculation requirements for working capital loans, and increasing the content related to credit-based loan handling, so as to better meet the actual financing situation.
- clarifying the loan term requirements, guiding commercial banks to effectively prevent the risk of loan term mismatch, and further optimizing the loan structure.
- integrating other relevant credit management systems to improve the "systemicity" of the system.
The measures for banking and insurance supervision and statistics aim to strengthen the management of banking and insurance regulatory statistics, standardize regulatory statistical behavior, improve the quality and efficiency of regulatory statistics, implement the functions of statistical supervision, and promote scientific regulation and the stable and healthy development of the industry. The measures focus on clarifying the requirements for the centralized management of regulatory statistics, clarifying data quality requirements of regulatory statistical data, meeting the requirements of data security protection and data governance rules, as well as clarifying the requirements for the analysis and application of regulatory statistical data. The measures unifies the regulatory statistics system of the banking and insurance industries, provides institutional support for solving practical problems in the current regulatory and statistical work, further consolidates the foundation of statistical work, and plays a guiding role in the regulatory and statistical work of the banking and insurance industries.
Related Links (in Chinese)
- Consultation on Project Financing and Measures for Loans
- Press Release on Measures on Banking Supervision and Statistics
- Measures on Banking Supervision and Statistics
Keywords: Asia Pacific, China, Banking, Insurance, Lending, Credit Risk, Systemic Risk, Banking Supervision, Data Governance, Basel, Administrative Measures, CBIRC
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Across 35 years in banking, Blake has gained deep insights into the inner working of this sector. Over the last two decades, Blake has been an Operating Committee member, leading teams and executing strategies in Credit and Enterprise Risk as well as Line of Business. His focus over this time has been primarily Commercial/Corporate with particular emphasis on CRE. Blake has spent most of his career with large and mid-size banks. Blake joined Moody’s Analytics in 2021 after leading the transformation of the credit approval and reporting process at a $25 billion bank.
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