Guo Wuping of the China Banking Regulatory Commission: Will dynamically track the flow of discount loans to prevent the risk of discount funds being misappropriated.

On August 13, Guo Wuping, spokesperson of the China Banking and Insurance Regulatory Commission and director of the Policy Research Department, stated at a press conference held by the State Council Information Office that the China Banking and Insurance Regulatory Commission will guide banks handling loans to strictly follow the results of the industry management department's review when applying for interest subsidy funds, track the flow of loans dynamically, strengthen control over the use of funds, ensure the compliance and effective use of funds. At the same time, they will guide all China Banking and Insurance Regulatory Commission offices to strengthen daily continuous supervision, cooperate with local finance departments to enhance business guidance, urge banks handling loans to strengthen loan management, and prevent the risk of misappropriation and diversion of interest subsidy funds.