China Banking Regulatory Commission, Ministry of Industry and Information Technology, Ministry of Public Security and Cyberspace Administration of China, Tentative Measures for the Administration of the Business Activities of Online Lending Information Intermediaries

中国银行业监督管理委员会、工业和信息化部、公安部、国家互联网信息办公室网络借贷信息中介机构业务活动管理暂行办法

September 08, 2016 | BY

Susan Mok &clp articles &

China puts limits on online P2P lending

Clp Reference: 3610/16.08.17 Promulgated: 2016-08-17 Effective: 2016-08-17

Promulgated: August 17 2016

Effective: as of date of promulgation

Main contents: The upper limit on the loan balance of a natural person on a single online lending information intermediary platform shall not exceed Rmb200,000; the upper limit on the loan balance of a legal person or other organization on a single online lending information intermediary platform shall not exceed Rmb1 million. The aggregate loan balance of a natural person on different online lending information intermediary platforms shall not exceed Rmb1 million; and the aggregate loan balance of a legal person or other organization on different online lending information intermediary platforms shall not exceed Rmb5 million (Article 17).

clp reference:3610/16.08.17 promulgated:2016-08-17 effective:2016-08-17

Promulgated: August 17 2016

Effective: as of date of promulgation

Main contents: The upper limit on the loan balance of a natural person on a single online lending information intermediary platform shall not exceed Rmb200,000; the upper limit on the loan balance of a legal person or other organization on a single online lending information intermediary platform shall not exceed Rmb1 million. The aggregate loan balance of a natural person on different online lending information intermediary platforms shall not exceed Rmb1 million; and the aggregate loan balance of a legal person or other organization on different online lending information intermediary platforms shall not exceed Rmb5 million (Article 17).

clp reference:3610/16.08.17 promulgated:2016-08-17 effective:2016-08-17

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