According to the report, the new standard requires all natural persons, legal persons or other organizations to desensitize the borrower's income and liabilities and the borrower's credit report when borrowing on the online lending platform. If the borrower cannot provide the credit report, it needs to explain to the platform. For natural person loans, it is also necessary to explain the nature of their work.
The borrower's income and liabilities required to be disclosed refer to the total inflow of economic benefits generated by the borrower's daily activities, which will lead to the increase of the owner's equity, and the current obligations of the borrower caused by past transactions or events, which will lead to the outflow of economic benefits from the enterprise.
According to industry insiders, most of the current situations in the industry are that personal loans lack the credit information of the central bank, and most of them cross-verify the information through a number of credit reporting agencies. At present, the loan application conditions of the existing online lending platform include credit reporting. Now, with stricter and more reliable regulations, the risk of investment has been greatly reduced.