Core Viewpoint - The banking industry is undergoing a "de-involution" movement aimed at curbing "involution-style" competition, which has led to unhealthy practices such as commission payments to real estate companies and intermediaries [1][6]. Group 1: Regulatory Actions - The Zhejiang Provincial Banking Association has issued a self-regulatory convention prohibiting commission payments to real estate companies and intermediaries, targeting practices like "commission grabbing" and "dark box operations" [1]. - Other regions, including Guangdong and Ningxia, have also taken similar actions to promote rational development within the banking sector [1][6]. Group 2: Nature of "Involution" Competition - "Involution-style" competition refers to low-level homogenized competition in a saturated market, characterized by blind expansion, price wars, and excessive marketing [1]. - "Commission grabbing" involves banks paying intermediaries or developers a commission based on the loan amount, often circumventing regulatory constraints [2]. - "Dark box operations" occur when banks bypass public systems and regulatory requirements to benefit specific clients or partners, often through non-transparent means [2][4]. Group 3: Impact on the Banking Sector - The "involution" phenomenon distorts market competition, leading to "bad money driving out good" at the micro level, damaging the industry's ecological environment at the meso level, and distorting resource allocation at the macro level [3]. - The continuous decline in net interest margins has increased pressure on banks to stabilize income and profits, pushing them towards price wars due to severe homogenization of financial services [3]. Group 4: Risks and Consequences - "Commission grabbing" distorts mortgage rate pricing, with intermediaries transferring costs back to borrowers through various fees, ultimately raising the overall financing cost [5]. - High commission rates can trigger vicious competition, leading to increased operational costs for banks, which are then passed on to consumers, harming both parties' interests [5]. - If unchecked, commission payments could lead to market distortion, increased operational costs, and reduced net interest margins, posing long-term risks to profitability [5]. Group 5: Future Directions - To address the "involution" issue, a three-dimensional governance framework is suggested, involving regulatory guidance, industry collaboration, and institutional transformation [6]. - The transition from "scale competition" to "value creation" is essential for the long-term health of the banking industry, requiring a balance between short-term performance pressures and long-term strategic investments [6].
银行业“反内卷”持续升级 浙粤等地新规直击返佣抢单乱象
Di Yi Cai Jing·2025-08-05 12:59