Core Viewpoint - The recent implementation of the "New Regulations on Internet Lending" is driving rapid standardization in the internet lending business, with both licensed financial institutions and non-licensed technology platforms actively updating their cooperation lists and enhancing consumer rights protection [1][2]. Group 1: Regulatory Changes - The new regulations require commercial banks to strengthen the management of platform operators and credit enhancement service providers, implementing strict admission standards and due diligence [2]. - Banks are mandated to manage a list of approved institutions for internet lending and must not collaborate with entities outside this list [2]. - Over 20 city commercial banks and 31 licensed consumer finance companies have begun disclosing their marketing and credit enhancement partners [2]. Group 2: Industry Response - A lending platform with a loan scale of approximately 30 billion yuan has updated its cooperation list to improve consumer awareness and communication [3]. - Financial institutions are prioritizing compliance and safety in selecting cooperation partners, favoring platforms with established ecosystems and traffic [3]. - The market is seeing a trend where leading lending platforms have loan scales of at least 30 billion yuan, with some exceeding 50 billion yuan [3]. Group 3: Interest Rate Management - The new regulations emphasize accurate understanding of the actual fees charged by credit enhancement service providers to protect borrowers' rights [3]. - The industry is moving away from unsustainable practices such as gray operations that circumvent interest rate caps [3]. - Current market funding costs range from 3.5% to 4.5%, with the expectation that platforms will work to lower rates for assets within a 24% cost threshold [4].