Legal basis: General Principles of Loans in People's Republic of China (PRC).
Article 4 Lending activities of borrowers and lenders shall follow the principles of equality, voluntariness, fairness, honesty and credibility.
Article 5 Lenders shall follow the principles of fair competition and close cooperation when conducting loan business, and shall not engage in unfair competition.
Article 6 The People's Bank of China and its branches are the supervisory institutions for implementing the general principles of loans.