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Core Viewpoint - The implementation of the new regulations on internet lending by the National Financial Regulatory Administration is causing a significant shift in the lending landscape, with banks and consumer finance companies reallocating resources towards compliant platforms while trust and commercial insurance funds are stepping in to fill the funding gaps left by traditional lenders [2][4][6]. Group 1: Regulatory Impact - The new regulations require banks to clearly define service fees and comprehensive financing costs in their agreements with lending platforms, directly addressing the high-cost lending issues in the industry [4][5]. - The regulations have led to a clear segmentation in the lending market, with high-interest lending platforms facing rejection from banks and consumer finance companies, while those with lower rates are experiencing intense competition [6][7]. Group 2: Funding Sources - Trust funds, previously sidelined due to cost disadvantages, are becoming increasingly active in the consumer finance market as traditional funding sources tighten [9][10]. - Trust companies are focusing on high-quality asset packages, particularly those associated with leading lending platforms, as they seek to mitigate risks while capitalizing on competitive returns [11][12]. Group 3: Alternative Financing Channels - In addition to trust funds, commercial factoring and financing leasing companies are being considered as alternative funding sources, although their capacity to fill the gaps is limited due to regulatory constraints [14][15]. - The regulatory environment is tightening around commercial factoring and financing leasing, which may further restrict their ability to engage in consumer lending activities [16][17].