The People's Bank of China and six other departments: commercial banks must not lower risk control standards due to business cooperation.

The People's Bank of China and seven other departments have issued a notice to regulate supply chain financial services. The notice points out that when commercial banks cooperate with supply chain information service agencies for marketing and customer acquisition, as well as information technology cooperation, they must adhere to the principles of fairness, justice, and transparency. They should promptly sign cooperation agreements and clarify the rights and responsibilities of each party, regularly evaluate the operating conditions, management capabilities, and service quality of the cooperating supply chain information service agencies. For supply chain information service agencies that engage in illegal activities such as unlawfully pooling loan funds, setting unfair and unreasonable cooperation conditions, providing false customer information or data, charging fees that do not match the quality of services, or violating other laws and self-discipline rules, commercial banks should restrict or refuse cooperation. Commercial banks should use the supply chain information service systems they build and operate for their own business purposes only, and should not provide services to others for building and operating supply chain information service systems.