Supreme Law: Regulate the Financial Institution Group's unilateral increase in loan conditions, suspension of loans, and early recovery of loans in accordance with the law

August 8th news, today (8th), the Supreme People's Court issued the "Guiding Opinions on the Implementation of the Law of the People's Republic of China on the Promotion of Private Economy". The "Guiding Opinions" mentioned that in accordance with the law to help expand financing channels. Promote Financial Institution Groups to continuously optimize the supply and service of inclusive finance, regulate the collection of interest in accordance with the law, and coordinate the implementation of policies. Regulate the behavior of Financial Institution Groups unilaterally increasing loan conditions, suspending loan issuance, and recovering loans in advance in accordance with the law to ensure that the legitimate rights and interests of private economic organizations are not infringed. Regulate illegal professional lending and on-lending such as "usury" and "beheading interest" in accordance with the law, severely punish criminal activities of private lending, standardize and guide the order of private financing, and help private economic organizations solve the problems of "difficult financing" and "expensive financing".