洪偌馨：中小银行，「断尾」助贷

Core Viewpoint - An increasing number of small and medium-sized banks are withdrawing from the internet lending market due to regulatory pressures and diminishing profitability of such operations [1][5]. Group 1: Bank Actions - Urumqi Bank announced the cessation of cooperative personal internet consumer loans effective October 1, 2025 [2][3]. - Guizhou Bank stated that it has completed its cooperation with internet banks and is focusing on managing existing business rather than expanding into new internet platform collaborations [2]. - Longjiang Bank has only one cooperative institution listed, which has also ceased collaboration, indicating a significant reduction in internet lending activities [2]. Group 2: Market Dynamics - The profitability of internet lending has decreased, leading many small banks to reduce their involvement in this sector, as personal consumer loans represent a minimal portion of their overall loan balances (less than 3% for Urumqi Bank and around 4% for Longjiang Bank) [6]. - Guizhou Bank reported a more than 70% increase in its personal comprehensive consumer loans (excluding credit cards) in Q3 2025, indicating a shift towards developing in-house digital credit capabilities [6]. Group 3: Regulatory Impact - The implementation of the "9th Document" has prompted banks to reassess their internet lending strategies, as it imposes stricter compliance requirements and limits on interest rates and fees [5][9]. - The document requires banks to consider all potential service fees and costs in their pricing, which has made it challenging for many lending platforms to maintain profitability [9]. Group 4: Industry Trends - The market for internet lending is becoming increasingly competitive, with major players like Ant Group and ByteDance dominating the landscape, holding a 76% share of the market by 2024 [9]. - The shift in focus towards compliance and risk management has led to a contraction in the number of cooperative platforms available to smaller banks, which may struggle to adapt to the new regulatory environment [12][15]. Group 5: Future Outlook - The future for small and medium-sized banks appears challenging, as they will need to rely on their own capabilities rather than partnerships with larger platforms to remain competitive [16].