China News Service, July 7. According to news from the China Banking and Insurance Regulatory Commission on the 7th, the China Banking and Insurance Regulatory Commission and the People's Bank of China jointly issued the "Notice on Further Promoting the Standardized and Healthy Development of Credit Card Business." The "Notice" requires banking financial institutions to strictly enforce credit management and risk control, strengthen credit review of credit card customers, and strictly guard against long-term lending risks.

The "Notice" clarifies that banking financial institutions should strengthen the credit review of credit card customers, understand and analyze the credit status of customers through legal channels such as basic financial credit information databases, implement necessary multi-dimensional cross-verification, and conduct independent reviews Determine the identity of the customer and verify the authenticity, completeness and timeliness of the content of the application materials. Customers who are found to have multiple debt records in different institutions should be strictly reviewed to strictly prevent the risk of long-term lending.

Banking financial institutions shall reasonably set the upper limit of the total credit limit of a single customer's credit card based on the customer's credit status, income status, financial status, etc., and include the customer in all credit lines of the institution for unified management. Within the total credit limit of a credit card, the credit limit for cash advance business shall not exceed the credit limit for non-cash advance business. Banking financial institutions that issue student credit cards must confirm the second source of repayment in advance.

Banking financial institutions should conduct sufficient due diligence on a single customer and conduct consolidated management of all credit card credit limits of the customer in other institutions. When approving credit and increasing the credit limit (including temporary increase in limit), the cumulative credit limit of credit cards obtained from other institutions shall be deducted accordingly from the total credit limit of the customer's own institution's credit card, and the institution's new card-issuing customers shall be monitored and If you apply for a credit card, the corresponding credit limit will be deducted.

Banking financial institutions should implement strict and prudent dynamic management of credit card credit limits, and re-evaluate, calculate and determine the credit limits of credit card customers at least once a year. For customers whose risk conditions have deteriorated, monitoring and analysis should be strengthened and measures such as reducing credit lines should be taken in a timely manner. If the customer's credit limit is increased, the credit limit shall be re-approved, and the credit limit shall not be increased without the customer's consent. Banking financial institutions should strictly set the approval authority for credit limit increases, and reasonably set the range, frequency, time interval and validity period of temporary increases in credit limits.

Banking financial institutions should establish and improve the full-process management mechanism for credit card risk model development, testing, review, application, monitoring, correction, optimization and exit, ensure that the risk model development and review links are independent of each other, and at least The risk model is re-evaluated every year and updated and optimized in a timely manner. When using credit card-related risk models provided by cooperative institutions, the principles of explainability, verifiability, transparency, and fairness should be followed, and risk model management responsibilities must not be outsourced. Boards of directors and senior management of banking financial institutions should understand the role and limitations of credit card-related risk models. (China News Finance)