以下文章来源于时代周报 ，作者王苗苗 时代周报 . 记录大时代，深读全商业。互联网新闻信息服务许可证编号：44120230006 本文来自微信公众号： 时代周报 ，编辑：卢泳志，作者：王苗苗，原文标题：《18万债务9万结 清！网贷、信用卡"打折还贷"灰产调查：还款最低能打四折？》 "负债18万多元，最后协商只要还9万多元。"广西的杨女士看着手中"结清证明"，仍觉得有些不真 实。在过去半年多的时间里，她通过一家自称有"内部渠道"的公司，以约五折的价格"结清"了六个网 贷与信用卡平台的欠款。 近日，时代周报记者注意到，在闲鱼等二手交易平台，一种以"高折扣还款"为诱饵的灰色服务悄然蔓 延。"还款优惠券""信用卡八二折起还卡优惠券""平台欠款减免四至五成真实结清"等极具诱惑力的广 告，吸引着大量深陷债务泥潭的借款人。 时代周报记者调查发现，这类服务的诱惑点十分明确：大部分还款优惠在七至八折，部分甚至低至四 至六折，即代还1万元仅需支付4000～6000元。折扣力度之大，远超常人理解。 这究竟是负债者的"救命稻草"，还是精心包装的金融陷阱？时代周报记者历时数日，以消费者身份潜 入调查，并采访多名法律、金融领域专家，试图 ...

Group 1 - The president of the Bank for International Settlements, Pablo Hernández de Cos, warns about the increasing role of non-bank institutions, including hedge funds, in the sovereign bond market amid historically high government debt levels and complex geopolitical contexts [1] - De Cos states that while these less-regulated entities can enhance liquidity and lower government financing costs during calm market periods, their greater involvement also raises the risk of nonlinear spikes in sovereign yields [1] - He highlights that hedge funds typically employ high leverage strategies when trading government bonds, which could amplify the impact of potential crises, posing new financial stability risks [1] Group 2 - The Financial Stability Board has noted the prevalence of leveraged bets by hedge funds and basis trading, which has drawn regulatory scrutiny, although there has been a recent easing in proposals to enhance transparency in this area [1] - De Cos emphasizes the need for policymakers to adopt a carefully selected combination of fiscal, monetary, and prudential policy tools to address these challenges [1] - According to the Bank for International Settlements, by the end of 2023, financial assets held by non-bank financial intermediaries are expected to amount to approximately 225% of global output, compared to about 175% for more strictly regulated banks, with the non-bank sector surpassing banks around 2011 [1] Group 3 - The International Monetary Fund's Global Financial Stability Report indicates that if systemic cracks appear, banks' exposure to non-bank financial institutions could pose a significant threat to their capital base [2]

北京市网信办、北京金融监管局要求各网站平台严格履行主体责任，强化账号资质核验，全面清理违规 信息，对违规账号依法依约采取禁言、暂停更新、限制营利权限、关闭账号等处置措施，坚决阻断网上 非法金融活动及"黑灰产"获利渠道。 此次专项行动聚焦短视频、社交、直播等重点网站平台，集中整治假冒仿冒专业人员误导公众、以隐蔽 方式违规引流、为非法存贷款中介提供推介服务、开展非法代理维权"黑灰产"活动、恶意抹黑诋毁金融 机构、捏造虚假信息唱衰经济等六类突出问题。 新京报讯据网信北京消息，当前，部分金融领域"黑灰产"借助网络平台滋生蔓延，通过假冒身份、隐蔽 引流、非法推介等手段误导公众、欺诈敛财，严重侵害人民群众财产安全，扰乱金融市场秩序。为有效 遏制金融领域突出网络乱象，11月26日，北京市网信办会同北京金融监管局联合部署开展为期3个月 的"清朗京华.金融守护"金融领域网络乱象治理专项行动，以高压态势严打网上非法金融活动及"黑灰 产"乱象。 下一步，北京市网信办、北京金融监管局将以此次专项行动为契机，深化跨部门联动机制，强化日常巡 查力度，从严打击网上金融领域突出乱象，切实守护人民群众财产安全，营造清朗网络环境，助力首都 经济 ...

据上观新闻，11月21日，"清朗浦江・e企共治"整治网上金融信息乱象专项行动总结交流活动举行。今 年3月以来，上海市委网信办会同上海金融监管局、上海证监局、市委金融办、市检察院、市公安局等 部门联合开展"清朗浦江·e企共治"整治网上金融信息乱象专项行动，打击非法金融中介、非法荐股、股 市黑嘴等突出问题，对滥用AI技术从事非法金融活动、无资质从业、传播不实虚假信息等扰乱金融市 场秩序的违法违规行为开展综合治理，切实保障网民合法权益。以专项整治行动为抓手，上海市委网信 办会同上海金融监管局等部门形成常态化协同机制，联合开展专题会商、行业指导、宣传普法等，进一 步提升网上金融信息乱象治理效能，形成工作合力。为有效做好乱象整治工作，上海金融监管局指导辖 内重点金融机构与主要网络平台建立对接协作机制，利用大数据、人工智能等技术开展精准监测识别， 组织开展多场"金融消保网络治理旬主题日"活动，并立足"3·15""金融教育宣传周"等关键时点，加强对 不良金融信息危害性宣讲和风险提示。同时，上海金融监管局强化央地协同和部门协作，一体推进非法 金融中介治理工作。2025年以来，上海金融监管局联合公安机关共破获银行保险领域相关案 ...

Group 1 - The company reported unaudited revenue of approximately HKD 9 million from its financial intermediary business for the three months ending September 30, 2025 [1] - The company's proprietary investment business generated unaudited net trading gains of approximately HKD 39 million for the same period [1] - Unaudited operating expenses for the company were approximately HKD 18 million, resulting in an unaudited profit of approximately HKD 18 million [1] Group 2 - As of September 30, 2025, the company's unaudited net asset value was approximately HKD 645 million [1]

Core Viewpoint - The article highlights allegations against Changsha Huilaitong Business Information Consulting Co., Ltd. for engaging in illegal "AB loan" activities, which target individuals with poor credit histories and involve deceptive practices to secure loans [1] Group 1: Company Activities - The company is accused of large-scale involvement in illegal "AB loan" operations, which are designed for borrowers with poor credit who cannot obtain loans through legitimate channels [1] - Employees of the company reportedly impersonate bank staff to promote "no credit check" and "low-interest loans" to clients with bad credit, misleading them into borrowing from friends and family to secure loans [1] Group 2: Legal Implications - Legal experts indicate that the "AB loan" scheme may involve fraud or contract fraud, posing significant social risks and necessitating industry regulation and strict enforcement [1]

Core Viewpoint - The Beijing Financial Regulatory Bureau is taking strong measures to combat illegal loan intermediaries, aiming to protect the rights of financial consumers through a comprehensive approach that includes strict responsibilities and full coverage of monitoring efforts [1][2][3][4][5]. Group 1: Regulatory Measures - The bureau has implemented a "strong responsibility" framework, prohibiting institutions from collaborating with illegal loan intermediaries and preventing bank employees from colluding with these entities [2]. - A "full coverage" strategy is being employed, utilizing big data analysis and routine supervision to identify suspected illegal loan intermediaries [3]. - The bureau plans to enhance collaboration with relevant departments to intensify the crackdown on illegal financial activities and improve the handling of harmful online financial information [4]. Group 2: Consumer Protection - The bureau emphasizes the need for strict and swift punishment of bank employees involved in illegal loan intermediary activities to deter such practices [5]. - Financial consumers are urged to remain vigilant against illegal loan intermediaries, to protect their personal credit and avoid falling into traps that could lead to significant financial loss [9]. Group 3: Illegal Practices - Illegal loan intermediaries often employ deceptive marketing tactics, claiming low-interest loans and partnerships with banks, while charging exorbitant service fees that inflate the actual cost of loans [8]. - They may assist borrowers in fabricating loan application materials, targeting individuals with insufficient credit or small businesses, sometimes colluding with bank employees to secure loans through fraudulent means [8]. - Some intermediaries engage in "loan sharking" practices, coercing borrowers into signing inflated loan agreements and using various illegal methods to seize borrowers' assets [8].

Core Viewpoint - The article highlights the ongoing issues with illegal loan intermediaries in the financial sector, emphasizing the need for regulatory action to protect consumers and maintain financial integrity [3][4]. Group 1: Illegal Loan Intermediary Practices - Illegal loan intermediaries are a significant manifestation of "black and gray industries" in finance, with tactics including false marketing and low-interest temptations, often claiming to have "internal channels" with banks [4]. - Common schemes involve fraudulent loan packaging, where intermediaries assist small businesses or individuals with poor credit in fabricating loan applications, sometimes colluding with bank employees to secure loans [4]. - The "loan shark" practices include inducing borrowers to sign inflated contracts, creating false financial records, and employing tactics like malicious debt accumulation and fraudulent lawsuits to unlawfully seize assets [4]. Group 2: Regulatory Response - The Beijing Financial Regulatory Bureau has intensified efforts to combat illegal loan intermediaries, implementing a "strong responsibility, full coverage, severe crackdown" strategy to protect consumer rights [4]. - Specific measures include enforcing strict responsibilities on banks to regulate lending practices, prohibiting partnerships with illegal intermediaries, and preventing collusion between bank employees and external parties [4]. - The bureau is also conducting comprehensive investigations using big data analysis and daily monitoring to identify suspicious intermediaries, while enhancing collaboration with multiple departments to address the root causes of these issues [4].

Core Viewpoint - The article highlights the ongoing issues with illegal loan intermediaries in the financial sector, detailing their deceptive practices and the regulatory response from Beijing's financial authorities [1][2]. Group 1: Illegal Loan Intermediary Practices - Illegal loan intermediaries employ three main tactics: false marketing with low-interest temptations, fraudulent loan packaging, and "loan shark" schemes that create debt traps for borrowers [2]. - They often promise quick, low-interest loans while charging high service fees, ultimately increasing the cost of borrowing for consumers [2]. - Specific cases, such as that of a business owner named Wu, illustrate how intermediaries manipulate loan processes, leading to significant financial losses for borrowers [1]. Group 2: Regulatory Response - The Beijing Financial Regulatory Bureau has intensified its crackdown on illegal loan intermediaries, implementing a comprehensive policy approach that includes strong accountability measures and extensive coverage [2]. - Key actions include enforcing strict responsibilities on banking institutions to avoid collaboration with illegal intermediaries and conducting thorough investigations to identify suspicious activities [2]. - The regulatory body emphasizes collaboration between central and local authorities to enhance governance and effectively combat illegal financial practices [2].

Core Viewpoint - The rise of illegal financial intermediaries posing as legitimate service providers has become a significant threat to financial consumers, necessitating urgent action to protect consumer rights and maintain financial order [1][2][5]. Group 1: Common Scams - The article identifies four prevalent scams perpetrated by illegal financial intermediaries, including loan intermediary scams, insurance claim fraud, credit repair lies, and malicious debt evasion tactics [2][3][4]. - Loan intermediary scams often involve promises of low-interest, unsecured loans, leading consumers to pay fees without receiving the promised funds [2]. - Insurance claim fraud involves misleading advertisements that encourage consumers to use non-official channels for claims, often resulting in identity theft [3]. - Credit repair scams claim to erase negative credit history for a fee, but typically fail to deliver on these promises [2][3]. Group 2: Money Traps - The article outlines three main tactics used by illegal financial intermediaries to exploit consumers: verbal traps, contract confusion, and information trafficking [4]. - Verbal traps leverage consumers' lack of knowledge about legitimate financial processes, using misleading language to gain trust [4]. - Contract confusion arises from hidden clauses and complex agreements that disadvantage consumers [4]. - Information trafficking involves selling personal data for illegal activities, further endangering consumers [4]. Group 3: Consumer Protection Measures - Financial consumers are advised to seek services from legitimate channels and verify the identity and qualifications of financial intermediaries through official resources [5][6]. - Consumers should be cautious of unsolicited financial offers and protect their personal information from unauthorized platforms [6]. - Regulatory bodies emphasize that legitimate financial institutions do not charge fees before loan disbursement, and any requests for upfront payments should be treated as potential scams [7].