General Office of the China Banking and Insurance Regulatory Commission, Circular on Further Regulating the Online Lending Business of Commercial Banks

中国银行保险监督管理委员会办公厅关于进一步规范商业银行互联网贷款业务的通知

March 05, 2021 | BY

Susan Mok

Commercial banks are not allowed to engage in cross-region online lending

Issued: February 19, 2021

Applicability: Articles 2 and 5 shall be effective as of January 1, 2022. Existing businesses shall be cleared in its natural manner. The transitional period for other provisions of this Circular shall be consistent with that of the Tentative Measures for the Administration of Online Loans by Commercial Banks (Measures) (Article 6).

 

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