Institutions such as Industrial and Commercial Bank of China and Minsheng Bank were notified. What is the reason behind it?

Industrial and Commercial Bank of China, Minsheng Bank and other institutions were notified. The reasons behind this were illegal collection of loan fees, compulsory bundling, and high service fees and agency fees, which raised the comprehensive financing cost and reduced the sense of acquisition of small and micro enterprises. ?

I. Illegal Issues The Central Committee and the State Council attach great importance to financial support for the development of the real economy, and require all lending banks to effectively reduce the comprehensive financing costs of enterprises and effectively alleviate the financing difficulties and expensive problems of small and medium-sized enterprises. Recently, according to the relevant work arrangements in the State Council, the General Administration of Consumer Protection of the China Banking Regulatory Commission organized a special inspection of financing charges for small and micro enterprises.

In this special inspection, the clues of relevant problems reflected by the masses were verified through the the State Council inspection platform. The unannounced visit by the inspection office of the General Office of the State Council found that ICBC, Minsheng Bank and other institutions illegally charged loan commitment fees, investment and financing consultancy fees, etc. For small and micro enterprises? Two prohibitions and two restrictions? Expenses.

Under the existing mortgage conditions, selling personal accident insurance with higher insurance rates to customers will charge high agency fees, force bundled sales of insurance, and charge high service fees, which will push up the comprehensive financing cost.

Two. The State requires that in order to implement the spirit of the State Council's policy on strengthening financial services for small and micro enterprises, consolidate and expand the achievements of financial services for small and micro enterprises, and promote the sustained and healthy development of financial services for small and micro enterprises, the CBRC issued the Supplementary Notice of the China Banking Regulatory Commission on Supporting Commercial Banks to Further Improve Financial Services for Small and Micro Enterprises, which the State explicitly requires:

As of the date of issuance of this notice, except for syndicated loans, commercial banks shall not charge commitment fees and fund management fees for loans to small and micro enterprises, and strictly limit the collection of financial consulting fees and consulting fees for small and micro enterprises.

Three. Treatment measures For the problems found in the inspection, the Ministry of Insurance Supervision will seriously deal with them in conjunction with relevant departments according to law. The General Office of the State Council will closely follow the progress of relevant work and urge the problems to be rectified and implemented.