Di Yi Cai Jing·2025-07-17 10:34Core Viewpoint - The banking sector is tightening its collaboration with loan intermediaries amid increasing regulatory scrutiny, with several banks publicly denying any association with illegal loan intermediaries, particularly naming "Xin Xin Hui Lin" as a problematic entity [1][2][4]. Group 1: Regulatory Actions - Regulatory authorities, including the Ministry of Public Security and the Financial Regulatory Bureau, have launched a special campaign to combat illegal loan intermediaries and related financial crimes, focusing on four main areas: illegal loan intermediary services, malicious debt evasion, illegal insurance claims, and improper debt collection practices [4][5]. - The Shenzhen Financial Regulatory Bureau has emphasized that addressing illegal loan intermediaries is a key focus of their work [4]. Group 2: Bank Responses - Approximately 15 banks in Shenzhen, including major institutions like Bank of China and Agricultural Bank of China, have issued statements clarifying that they do not collaborate with illegal intermediaries [2][4]. - Banks are enhancing their management of intermediary partners, with some institutions completely halting cooperation with loan intermediaries and conducting strict internal audits to prevent collusion [5][6]. Group 3: Issues with Loan Intermediaries - "Xin Xin Hui Lin" has been accused of misleading marketing practices, claiming to lower loan interest rates from 4.5% to 2.5%, which raises concerns about exaggerated claims [1][8]. - The company has been reported to use aggressive marketing tactics, including misleading advertisements in public spaces, to create the illusion of partnerships with banks [9]. - New trends in the loan intermediary market include the use of fraudulent marketing practices to attract consumers and the manipulation of property valuations to secure excessive loans [10].