Core Points - The People's Bank of China announced the renewal of payment business licenses for 13 non-bank payment institutions, marking the first renewal since the implementation of the Non-Bank Payment Institution Supervision and Administration Regulations [1] - The licenses for these institutions will be "long-term valid," which reflects the regulatory body's commitment to providing stability for long-term operations and strategic planning in the industry [1] Group 1 - The 13 institutions that received license renewals include: Zihua Xin Electronic Payment Co., Yibao Payment Co., Shandong Yunda Payment Co., Douyin Payment Technology Co., Yunhui Payment (Guangzhou) Co., Guangzhou Huiju Payment Electronic Technology Co., Shiji Payment Technology (Guangxi) Co., Leshu Payment Technology Co., Huaban Payment (Shenzhen) Co., Bangfubao Payment Technology Co., Beijing Lihua Tong Payment Technology Co., Beijing Changjietong Payment Technology Co., and Shenzhen Shengdijia Payment Co. [1] - The renewal of licenses is expected to alleviate the cyclical pressure of license renewals in the industry, allowing institutions to focus on long-term strategies [1] Group 2 - The People's Bank of China also disclosed information about four institutions that will not have their licenses renewed, including Guangzhou Heli Bao Payment Technology Co., Guangdong Yutongbao E-commerce Co., and others that failed to submit renewal applications [2] - The analysis indicates that the inability of some institutions to renew their licenses reflects a process of industry consolidation, driven by factors such as strategic adjustments, compliance pressures, and intensified market competition [2]