多地持续出清 高压下的小贷"生死局" 北京商报讯(记者 刘四红)12月以来，小额贷款行业"出清潮"持续升温。12月14日，北京商报记者注意 到，近半月以来，已有多地公示"失联""空壳"地方金融组织名单，更是出现注册资本位列前排的小贷公 司，彻底剥离小贷业务。全国小贷机构数量与贷款余额持续回落，在业内看来，行业正加速从"数量扩 张"向"质量求生"转型，合规运营与差异化竞争力成为存续关键。 12月10日，广西壮族自治区地方金融管理局官网发布了第一批"失联""空壳"地方金融组织名单，北京商 报记者注意到，名单共30家机构，包括小额贷款公司19家、融资担保公司6家、典当行5家，其中，小贷 公司名单中包括南宁市达利行小额贷款股份有限公司、梧州市同舟小额贷款有限责任公司、贵港市景泰 惠民小额贷款有限公司、平南县安怡达小额贷款有限公司、南宁市长通小额贷款股份有限公司等。 值得一提的是，出清的小贷公司里不乏资本"大户"。就在12月3日，据天眼查，"南宁市金通小额贷款有 限公司"(以下简称"金通小贷")正式更名为"南宁市金通商务信息服务有限公司"。与此同时，公司经营范 围也变更为企业管理咨询、社会经济咨询服务及信息咨询服务，不 ...

Core Viewpoint - The small loan industry in China is undergoing significant contraction and restructuring due to regulatory pressures, market competition, and internal issues, leading to a clearer development path under strict regulatory expectations [1][3][4]. Industry Overview - As of September 2025, the number of small loan companies in China has decreased to 4,863, with a total loan balance of 722.9 billion yuan, reflecting a reduction of 31.9 billion yuan in the first three quarters of the year [3][4]. - The number of small loan companies has nearly halved from a peak of 8,965 in Q3 2015, with a total loan balance decline exceeding 200 billion yuan over the past decade [3][4]. Regulatory Environment - The tightening of regulations, particularly the introduction of the "Interim Measures for the Supervision and Administration of Small Loan Companies" by the People's Bank of China, has been a key driver of industry contraction [4][5]. - New regulations impose strict boundaries on business operations, financing rules, and risk management, including a ban on cross-provincial operations and restrictions on external financing [4][5]. Market Dynamics - Over 400 small loan companies have exited the market this year, with regions like Yunnan, Guangdong, Gansu, Shaanxi, and Chongqing being the primary areas for these exits [4][5]. - Increased competition from banks, consumer finance companies, and licensed internet platforms has significantly squeezed the market share of small loan companies [5][6]. Capital and Investment Trends - Despite the overall contraction, leading small loan companies are increasing their capital, with notable examples including the capital increase of Heilongjiang Jinlian Yuntong from 5 billion yuan to 10 billion yuan [6][7]. - Several companies have also issued asset-backed securities (ABS) to strengthen their capital positions, with significant issuances from Meituan, Du Xiaoman, and others [7]. Future Outlook - The industry is expected to see continued regulatory tightening, with potential new policies aimed at guiding interest rates downward and requiring disclosure of business proportions across different interest rate ranges [9][10]. - The market is likely to further segment, with small loan companies expected to deepen their integration with specific sectors such as e-commerce, supply chain, and healthcare, while also transitioning towards technology-driven financial platforms [10][11].

Core Viewpoint - The article discusses the significant reduction in the number of small loan companies in China due to regulatory measures aimed at cleaning up the industry, with a focus on the impact of the new supervision regulations introduced in January 2025 [3][4][5]. Summary by Sections Industry Overview - As of June 2025, there are 4,974 small loan companies in China, with a total loan balance of 736.1 billion yuan, which decreased by 18.7 billion yuan in the first half of the year [3]. - The number of small loan companies has decreased by 283 in the first half of 2025, surpassing the total reduction of 243 in 2024 [5]. Regulatory Actions - The introduction of the "Interim Measures for the Supervision and Administration of Small Loan Companies" has led to a concentrated cleanup of non-compliant small loan companies across various provinces [3][4]. - Specific actions include the identification and proposed cancellation of licenses for 19 companies in Chongqing deemed "lost" or "shell" companies, as well as similar actions in Hunan and Yunnan provinces [4][5]. Historical Context - The number of small loan companies surged from 2,614 in 2010 to 8,910 in 2015, with loan balances increasing from 197.5 billion yuan to 941.2 billion yuan during the same period [7]. - However, from the second quarter of 2015 to the second quarter of 2025, the number of small loan companies decreased by 3,977, a decline of 44.4%, and the loan balance dropped by 223.3 billion yuan, a decrease of 23.3% [8]. Future Outlook - Industry experts predict that the number of small loan companies may continue to shrink by about 20%, stabilizing around 4,000 companies to ensure effective service in inclusive finance while promoting high-quality industry development [9].