Core Viewpoint - The new regulation mandates commercial banks to manage third-party cooperation lists for internet lending, effective from October 1, 2025, impacting foreign bank branches and other financial institutions [1]. Group 1: Regulatory Changes - Commercial banks are required to disclose and manage lists of platform operators and credit enhancement service providers through official channels [1]. - Banks are prohibited from collaborating with institutions not on the approved list for internet lending services [1]. Group 2: Current Practices - Many banks and consumer finance companies have begun to disclose their lists of marketing, credit enhancement, and collection service partners on their official websites [2]. - A review of 19 private banks revealed that 16 have disclosed their third-party cooperation lists, while some banks like Wenzhou Minsheng Bank have not found any third-party collaborations [3][4]. Group 3: Insights from Third-Party Collaborations - The disclosed cooperation lists show significant variation among private banks, reflecting their unique advantages and challenges [6]. - For instance, WeBank has the highest number of disclosed third-party collection service providers, totaling over 300 [9][10]. Group 4: Trends in Collaboration - Many mid-tier and smaller private banks rely heavily on mainstream pure lending platforms for their third-party collaborations, indicating a trend towards consolidation in the sector [12]. - Some banks, like Jincheng Bank and Fumin Bank, have minimal third-party collaborations, focusing instead on partnerships with major firms [13]. Group 5: Market Dynamics - The landscape of third-party cooperation among private banks is rapidly diversifying, with leading institutions becoming platforms for other financial entities [25]. - Mid-tier banks are facing profitability pressures, leading to a reduction in small and micro-enterprise loan collaborations [27][28].