The China Banking Regulatory Commission, in conjunction with the People's Bank of China, has formulated the "Provisions on Disclosure of Comprehensive Financing Costs for Personal Loan Business".

The China Banking Regulatory Commission, in conjunction with the People's Bank of China, has formulated the "Regulations on Disclosure of Comprehensive Financing Costs for Personal Loan Business". When conducting personal loan business, lenders should present borrowers with a comprehensive financing cost disclosure table. The disclosure table should specify the loan principal amount, and itemize the various interest and fee items charged by the lender and its cooperating institutions, including their collection methods, standards, and collection entities. Based on this, the annualized comprehensive financing cost borne by borrowers under normal performance should be calculated. At the same time, it should also detail the cost items and standards for collection in the event of default or misuse of the loan, as well as the collection entities. The standards for the collection of interest and fee items borne by borrowers under normal performance should be converted to an annualized level in accordance with requirements such as the "Announcement of the People's Bank of China". The disclosure table for comprehensive financing costs should also clearly indicate that, in addition to the disclosed cost items, lenders and their cooperating institutions will not charge borrowers any other interest or fees related to the loan.