On February 2nd, the State Administration of Financial Regulation issued the "Management Measures for Fixed Asset Loans", "Management Measures for Working Capital Loans", and "Management Measures for Personal Loans", which will come into effect on July 1st. The "Three Measures" have reasonably expanded the use and scope of fixed asset loans and working capital loans, clarified loan term requirements, and further strengthened credit risk control. Regarding the main content of this revision, the heads of relevant departments and bureaus of the State Administration of Financial Regulation stated in response to questions from reporters that the "three measures" should reasonably expand the use and scope of fixed asset loans and working capital loans, optimize the calculation requirements of working capital loans, and meet the actual needs of the credit market. Adjust and optimize the standards for entrusted payment amounts, moderately extend the time limit requirements for entrusted payments, and enhance the flexibility of entrusted payments. Based on the online demand for credit processing, clarify the forms of handling such as video interviews and off-site investigations, and adapt to new financing scenarios. At the same time, the "three measures" clarify loan term requirements, guide commercial banks to effectively prevent the risk of loan term mismatch, and further optimize loan structure. Strengthen credit risk control and promote commercial banks to improve the standardization level of credit management. Include the Regulations on the Management of Project Financing Business as a special chapter in the Measures for the Management of Fixed Asset Loans, etc. The State Administration for Financial Regulation stated that the release and implementation of the "Three Measures" is an important measure to improve the credit management system of China's banking and financial institutions, which is conducive to further promoting the improvement of credit management capabilities of banking and financial institutions, preventing financial risks, and improving the quality and efficiency of financial services. "The 'Three Measures' have set a transition period for commercial banks, taking into account regulatory purposes and practical operations of commercial bank business. Li Duo, the main person in charge of the Credit and Investment Management Department of Industrial and Commercial Bank of China, stated that Industrial and Commercial Bank of China will deploy and implement in accordance with the new regulations, timely revise and improve internal management systems, and develop and improve related system functions.". In terms of loan term, the "three methods" are clear, and the term of fixed asset loans generally does not exceed ten years. If it is necessary to apply for a loan with a term exceeding ten years, the head office of the lender shall be responsible for approval, or the corresponding level shall be prudently authorized to be responsible for approval according to the actual situation. The term of working capital loans should not exceed three years in principle, and for those with a longer operating cash flow recovery cycle, the longest period should not exceed five years. The term of personal consumption loans shall not exceed five years. The term of personal business loans generally does not exceed five years, and for those with a longer operating cash flow recovery period corresponding to the loan purpose, the longest period does not exceed ten years. If the relevant departments of the state have other regulations on the loan terms for real estate loans, personal housing loans, personal student loans, car loans, etc., the relevant regulations shall continue to be implemented. In terms of loan purposes, the person in charge stated that the "three methods" should reasonably expand the use and scope of fixed asset loans and working capital loans. Loans for intellectual property rights such as patents and copyrights, as well as other intangible assets such as mining rights, may be executed in accordance with the "Fixed Asset Loan Management Measures" based on the business characteristics and operating modes of the loan project, or may be subject to the "Working Capital Loan Management Measures". Meanwhile, the Measures for the Administration of Working Capital Loans specify that working capital loans shall not be used for shareholder dividends or for financial purposes