12月11日金融一线消息，重庆金融监管局发布批复，核准马上消费金融股份有限公司修改后的公司章 程。 责任编辑：李琳琳 12月11日金融一线消息，重庆金融监管局发布批复，核准马上消费金融股份有限公司修改后的公司章 程。 责任编辑：李琳琳 ...

Group 1: Core Concepts of Rational Inclusive Finance - Financial accessibility, commercial sustainability, and socially acceptable risk pricing are the three core pillars of rational inclusive finance, and their dynamic balance is key to the high-quality development of consumer finance [1][2] - Financial accessibility is the premise of rational inclusivity, focusing on enabling financial resources to reach groups with genuine needs, particularly small and micro enterprises and low-income populations, through digital technology [1] - Commercial sustainability is essential for rational inclusivity, as profitability is necessary for the continuity of inclusive finance; financial institutions must leverage technological innovation to reduce costs and improve efficiency while meeting public needs [1] Group 2: Risk Pricing and Balance - Socially acceptable risk pricing is the critical link in rational inclusivity, needing to cover risk costs while aligning with public expectations and regulatory requirements; a scientific pricing mechanism should be based on precise risk assessment [2] - The balance among accessibility, sustainability, and pricing is fundamentally about the collaboration of multiple interests, ensuring that financial services are both broad and stable while fulfilling social responsibilities [2] - To resolve the pricing dilemma, financial institutions must innovate to reduce operational costs, while policy frameworks should create a collaborative mechanism that combines fiscal support with market operations [2]

沉浸式体验打造专属浪漫 持续践行用户关怀理念 金秋时节的上海，百年百乐门的民国风情与迪士尼的童话氛围交相辉映。招联消费金融股份有限公司（简称"招联"）近期举办的"铁粉圆梦日伴侣专场"活动 圆满落幕，招联"铁粉"伴侣在此开启沉浸式浪漫体验，其中招联为情侣王先生与女友送上的浪漫惊喜更是成为活动温情亮点。此次活动招联不仅以情感陪伴 传递品牌温度，更通过多元消费场景创新，积极践行普惠金融支持消费扩容提质。 作为招联用户关怀体系的重要组成部分，本次伴侣专场以"穿越时光·浪漫同行"为主题，打造了兼具文化体验与情感互动的特色环节。参与用户身着精致民 国服饰漫步百乐门，在经典旋律中体验交谊舞与网红舞融合的趣味互动，沉浸式感受老上海风情；上海迪士尼乐园的专属游览安排，则让伴侣们在童话世界 中定格温馨瞬间。"穿民国服饰跳交谊舞的时候仿佛真的穿越了，迪士尼的专属游览更是圆了我们的童话梦，能感受到招联对用户的用心"，参与活动"铁 粉"张女士动情说道。 在招联看来，普惠金融的核心不止于提供优质金融服务，更在于陪伴用户成长，守护万千家庭的幸福期盼。这一理念已转化为持续的用户关怀行动：2023年 以来，从助力新市民家庭团聚的专属活动，到为 ...

Core Insights - Inclusive finance is transitioning from "incremental expansion" to "quality improvement and efficiency enhancement," becoming a key topic in the financial sector to fulfill social responsibilities and stimulate market vitality [1] Group 1: Current Trends in Inclusive Finance - The Beijing Commercial Brand Conference focused on "Financial New Forces Innovating Consumption Power," highlighting the importance of financial institutions' practical experiences and digital empowerment in enhancing inclusive finance [3] - China's economy is at a critical stage of transformation, with financial needs from small and micro enterprises, individual businesses, rural areas, and vulnerable groups identified as both pain points and focal points for inclusive finance [3] - A multi-layered support system for inclusive finance has been established, including monetary policy tools, fiscal subsidies, and differentiated regulatory assessments, aimed at alleviating the "reluctance to consume" issue [3] Group 2: Challenges and Market Dynamics - As the inclusive finance market transitions from a "blue ocean" to a "red ocean," financial institutions face increased competition and challenges, particularly in customer acquisition and risk management [4] - The banking sector is experiencing pressure as it struggles with the difficulty of finding new clients, while the insurance industry faces challenges in accurately pricing inclusive health insurance products due to a lack of data [4] - The consumer finance sector is caught in a dilemma of "internal competition and risk coexistence," with some institutions lowering loan rates and relaxing risk control standards to capture market share, leading to issues like "multiple borrowing" and "over-lending" [4] Group 3: Future Directions and Innovations - The 2025 Beijing Financial Forum report on inclusive finance outlines the latest policy directions and showcases breakthroughs in product design and service models across various financial institutions [4] - The forum also addressed how to navigate the "red ocean" and foster a "new blue ocean" for consumption, emphasizing the role of advanced technologies like big data and artificial intelligence in empowering inclusive finance [6] - The next decade is expected to focus on the reconstruction of inclusive finance, moving towards deeper levels of "precision," "sustainability," and "ecological integration" [6]

2025年10月，人民银行释放重磅信号，2026年初，将研究实施支持个人修复信用的政策措施，为疫情以 来小额已还违约贷款"抹去"征信违约痕迹。业内认为，这一政策背后，既能解当下房地产调整、居民收 入波动下，个人信用瑕疵的民生痛点，也凸显出征信在普惠金融中的核心价值。过去，小微企业缺抵 押、新市民收入不稳，融资难成共性问题；如今，完善的征信体系不仅打破"信息孤岛"，更让无数普惠 小微贷款精准落地，还能通过信用修复为困境群体开辟"回头路"。 避免"一刀切"高定价 众所周知，过去二十年，我国居民杠杆率持续攀升，资产配置曾高度集中于房地产。 但随着市场环境变化，就业压力增大、资产缩水等问题接踵而至，个人信用违约现象呈现结构性增长。 从中国普惠金融研究院和合作机构共同开展的一项调查结果可见，30—39岁群体成为债务压力核心人 群，其资产负债表受房产价格波动冲击最为明显；此外，新市民因收入稳定性不足，信用违约风险较 高，且违约后重新进入信用市场的门槛居高不下。 信用瑕疵的连锁效应，也在侵蚀家庭财富根基。一方面，失信记录导致贷款申请受阻、融资成本上升； 另一方面，居民对房地产的依赖度下降后，也面临资产流动性焦虑，在低利率环 ...

Core Insights - The consumer loan market in China has reached a balance of 21.29 trillion yuan by the end of Q3 2025, reflecting a year-on-year growth of 4.2% [3][4] - The era of aggressive expansion in consumer loans is over, with a shift towards compliance and quality improvement in the industry [1][7] - Banks and licensed consumer finance institutions are now focusing on sustainable growth within regulatory frameworks, emphasizing the need for a balanced approach to risk and expansion [8] Market Expansion - Consumer loans have been viewed as a buffer for banks amid slowing mortgage growth, with a notable increase in loan balances driven by government policies and financial institutions adjusting their business structures [3][4] - The total consumer loan balance for 41 A-share listed banks reached approximately 6.80 trillion yuan in the first half of 2025, marking a 5.37% increase from the previous year [4] - Major banks like China Construction Bank and Postal Savings Bank have significant consumer loan balances, indicating a competitive landscape among financial institutions [4] Customer Segmentation and Rate Differentiation - The consumer loan market is characterized by a "dislocated competition" where banks and licensed consumer finance institutions target different customer segments and pricing strategies [5][6] - Banks typically offer lower interest rates (3%-5%) due to their low-cost funding advantages, focusing on high-quality borrowers [5][6] - Licensed consumer finance institutions cater to underserved markets, often charging higher rates (4%-24%) to cover risk costs while providing flexible loan options [5][6] Regulatory Environment - The adjustment of consumer loan interest rates has been a long-term trend, with a recent regulatory push to maintain rates around 3% to prevent financial arbitrage [7] - New regulations effective from October 1, 2025, set a cap on comprehensive financing costs at 24%, aiming to guide consumer loan rates into a compliant downward trajectory [7] Sustainable Development Challenges - The industry faces three core challenges for sustainable development: asset quality management, deepening customer value, and fulfilling social responsibilities [8] - Financial institutions are encouraged to leverage technology for better consumer demand analysis and to reduce costs, thereby enhancing the precision of credit approvals [8] - Banks should focus on building ecosystem capabilities and improving organizational agility, while consumer finance institutions need to strengthen their technological capabilities and explore new growth models [8]

AI员工接连上岗 2025年以来，以大模型和智能体为代表的生成式AI技术迎来突破性发展，AI从执行指令的"自动化工 具"演进为具备推理能力和自主决策的"业务伙伴"，除了AI客服外，还有更多AI员工上岗。 北京商报记者向业内十余家金融机构调研发现，当前AI在金融领域的应用不再是零星的点状尝试，而 是呈现出体系化、规模化的特征。从信贷审批的分钟级响应到反欺诈的秒级拦截，从投研报告的智能生 成到普惠服务的全域覆盖，AI向金融领域更深层次的业务赋能演进。 过去几年间，在田间地头，在办公楼宇，在工厂车间，金融机构用算法丈量普惠客群的信用半径。中国 普惠型小微企业贷款余额从2017年末的8.8万亿元飙至2024年末的33万亿元上方，年均复合增速达到 20.7%，金融服务的核心需求从"有没有"转为"好不好"。 进入2025年后，AI逐步从实验室走向规模化应用。在金融行业，AI跨越单点工具辅助阶段渗透至金融 业务的各环节，普惠金融的齿轮加速转动。普惠金融的"最后100米"，不再是物理距离的阻隔，而是信 任、成本与合规的三重考题。AI能否成为解题钥匙？答案藏在每一次模型迭代、每一次监管沙盒的测 试里。 以智能投顾为例，从业机构 ...

Core Viewpoint - The article emphasizes the importance of stimulating and releasing consumer purchasing power through financial services to enhance domestic demand and drive economic growth [2][7]. Demand Side Challenges - The current consumer market faces multiple challenges on both the demand and supply sides, with many individuals exhibiting a reluctance to consume due to macroeconomic fluctuations and unstable income expectations [2]. - The mindset of "not willing to consume" is prevalent among consumers, indicating a need for financial services to support consumer confidence [2]. Supply Side Issues - There are gaps in financial services within the consumer sector that fail to adequately match market demand, necessitating increased financial support for consumer spending [2]. - Financial institutions, including banks and consumer finance companies, are encouraged to enhance resource allocation and develop targeted policies to support consumption [2]. Financial Services Role - Various financial entities are collaborating to enhance consumer financial services, including inclusive credit offerings and improved consumer experience in payment services [2]. - The article highlights the need for a coordinated policy mechanism where monetary policy provides liquidity and fiscal policy reduces consumer costs through subsidies [2]. Precision in Policy Implementation - The article stresses the importance of "precision" in financial policies to ensure that funds are effectively directed towards consumption rather than being diverted to savings or debt repayment [3][4]. - Targeted subsidies linked to specific consumption scenarios, such as appliance upgrades or electric vehicle purchases, can significantly improve the efficiency of financial policies [4]. Consumer Behavior Shift - Financial services should also guide consumer attitudes towards valuing quality and sustainability in consumption, moving beyond mere desire fulfillment [6]. - The article suggests that financial products like mortgages and consumer loans enable individuals to realize their consumption needs earlier, contributing to economic growth [6]. Strategic Focus - The strategy of financial consumption promotion should balance breadth and depth, shifting from merely increasing consumption volume to enhancing the quality and sustainability of consumption [6][7]. - This approach aligns with the broader goal of supporting high-quality economic development through effective financial services [7].

Core Insights - The development of inclusive finance in China has transitioned from "having" to "quality" over the past decade, with a focus on precision and sustainability [1][13] - The balance of inclusive finance has reached 36.5 trillion yuan, doubling since the end of the 13th Five-Year Plan, with a year-on-year growth of 12.1% [3][4] - The next decade will emphasize enhancing service quality and addressing challenges such as customer homogeneity and rising risk management costs [1][12] Group 1: Achievements in Inclusive Finance - Financial services have expanded to rural areas, achieving coverage in every village and town, with significant growth in loans to small and micro enterprises [3][5] - By the end of 2024, the balance of agricultural loans reached 51.36 trillion yuan, a year-on-year increase of 9.8%, surpassing general loan growth [3][4] - The average interest rate for newly issued inclusive loans dropped to 4.13%, a decrease of 33 basis points from the previous year [3][4] Group 2: Challenges and Market Dynamics - The inclusive finance sector is transitioning from a "blue ocean" to a "red ocean" market, facing increased competition and saturation [10][12] - Banks are struggling with the challenge of identifying new clients, particularly in rural areas where small businesses often lack collateral [10][12] - The insurance sector faces difficulties in accurately pricing inclusive health insurance products due to a lack of data on previously uncovered populations [11][12] Group 3: Future Directions - The focus for the next decade will be on creating a high-quality inclusive finance ecosystem that supports small and micro enterprises, agriculture, and social welfare [13][14] - A new coordination mechanism for supporting small and micro enterprises is being established to enhance the connection between banks and businesses [14][15] - The development of a multi-layered, differentiated organizational structure is essential for building a high-quality inclusive finance system [15][16]

文｜文心 2025年10月1日起，消金公司网贷业务年利率突破24%将触发法规限制，后续监管窗口指导更要求2026 年一季度起新发放贷款平均综合融资成本压降至20%以内，过度依赖助贷的模式面临流量成本高企与风 险管控的双重压力。在此背景下，头部机构纷纷加大自营业务占比，例如，招联消费金融等机构已公开 强调提升自营及股东协同渠道业务的重要性。 业内分析指出，孙升学横跨信用卡运营、风险管控、移动金融的履历，恰好匹配自营业务对获客、风 控、技术的综合要求。加之哈尔滨银行53%持股的主导地位与度小满30%持股的科技赋能优势，哈银消 金有望在行业结构性调整中，通过自营业务重建核心竞争力。 据了解，前任董事长任期内曾确立的自营战略未能持续推进，纯线上自营产品"哈哈贷"于2022年下半年 逐步停摆，线下分中心也陆续关闭，至2024年底公司的业务重心已显著转向助贷模式，尤其以表外业务 为主，即作为中间渠道撮合中小银行与助贷平台合作。伴随业务模式转向的，还有2024年底集中出现的 中层管理团队变动。 孙升学的上任为自营业务重启提供了想象空间，而公司稳健的经营数据则奠定了基础。哈尔滨银行半年 报显示，2025年上半年哈银消金实现营 ...