China’s Banking Regulator Restricts Individual Consumer Loans to Less than $29,000


The China Banking and Insurance Regulatory Commission (CBIRC) has released new measures that place strict limits on consumer loans.

On 12 July CBIRC announced the implementation of the “Commercial Bank Online Loan Management Provisional Measures” (商业银行互联网贷款管理暂行办法) which were originally approved by CBIRC on 22 April 2020.

The Measures stipulate that individual loans made to single borrowers for consumption purposes should not exceed 200,000 yuan (approx. USD$28,567), and that their terms should be limited to no more than a year, while repayment of principal should be made one time upon maturation.

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