在创业投资领域，江小涓进一步分析，除传统科创投资外，产业创投资金与政府创投资金均是科创金融的关键力量，这类资本兼具战略投资与耐心资本的特 征，为科技创新提供了稳定且可持续的资金支持。 "当前产业端在合作中已不再处于弱势地位，反而具备了自主选择投资者的主动权。"江小涓提醒金融业需树立紧迫感，必须加快市场化、数智化、国际化转 型步伐，自身做得好才能抓住我国科技创新带来的新机遇，拓展自身的发展空间。 岁末启新，共谋发展。在"十四五"收官与"十五五"开局的关键节点，由金融界主办、宁波银行支持、清华大学经济管理学院中国金融研究中心提供学术支持 的"启航・2025银行业高质量发展年会"于12月26日在北京成功举办。本次年会以"凝心启新，聚力致远"为主题，汇聚监管专家、学界精英、行业领袖及科技 企业代表，围绕服务实体经济、数字化转型、AI+金融创新、风险防控等核心议题展开深度讨论，为银行业高质量发展建言献策。 锚定高质量发展核心方向 会上，多位行业专家从宏观视角与专业维度精准施策，为银行业高质量发展锚定方向。中国银行业协会副秘书长殷有祥在致辞中指出，银行业作为国民经济 的核心，是服务实体经济的主力军、防控金融风险的主战场、 ...

中经记者 郑瑜 北京报道 作为消费金融公司合作助贷方之一，分期商城主体的溢价问题正在引起关注。 《中国经营报》记者在老牌分期商城小象优品（由无锡源石云科技有限公司及其关联公司运营）上发 现，销量第一的iPhone 17 Pro 1TB银色不分期售价为18749元，分12期月供测算总价为19322.67元；而销 量第二的自营店中型号、颜色、内存同样的手机不分期售价为16899元，分12期月供测算总价为 18967.32元；销量第三的同款手机不分期售价达到18149元，分12期售价达到20370.34元。 与之相对，同款参数手机在京东与淘宝旗舰店售价仅为12999元，并且可以使用信用卡、花呗等12期免 息服务。 为何售价较低的同款机型反而比售价更高的机型销量更少？溢价在30%至56%幅度背后有何定价逻辑？ 素喜智研高级研究员苏筱芮表示，此类灰色模式与此前市场中存在的"租机贷"异曲同工。在此类商业模 式中，商品只是实现变相贷款的"壳子"，消费者并不能直接取得商品使用价值，租机/分期平台借助"壳 子"获取的收益实为高息贷款收益。 已有消金公司终止合作 "此前分期商城采用的是固定收益模式，消费金融公司只收分期放款的资金 ...

Group 1 - Haier Consumer Finance Co., Ltd. (referred to as "Haier Finance") celebrated its 11th anniversary, reporting a cumulative loan amount of approximately 172.4 billion yuan and serving 19.45 million real-name new citizens users [1] - The company has innovatively launched the "Smart Home Installment" service, enabling a zero-interest installment model through industry subsidies, facilitating the adoption of smart and green home appliances [1] - The "Smart Home Installment" service has been implemented in over 2,000 Haier specialty stores nationwide, with a cumulative installment amount of 130 million yuan, significantly boosting retail sales by over 30% during special promotional events [1] Group 2 - Haier Finance has issued nearly 11.2 billion yuan in Asset-Backed Securities (ABS) to optimize financing costs and improve the asset-liability structure, supporting inclusive financial innovation and AI technology development [2] - The company has submitted over 730 patent applications, with more than 95% of its 600 online operational applications being self-developed, focusing on cutting-edge areas such as AI and multimodal interaction [1] - In the innovative financing sector, Haier Finance plans to implement the industry's first "Technology Finance + Green Finance" sustainable development-linked syndicated loan of 900 million yuan by 2025 [1]

Core Insights - Haier Consumer Finance has achieved a cumulative asset-backed securities (ABS) issuance scale of nearly 11.2 billion, marking a key component of its diversified financing matrix [1] - In 2025, Haier Consumer Finance actively issued two ABS products in the public market, totaling 3 billion, with the second phase's priority A tranche interest rate dropping to 1.80%, setting a new low for the consumer finance industry that year [1] - The low-cost and efficient ABS issuances have optimized the company's asset-liability maturity structure, reduced comprehensive financing costs, and injected strong momentum into core business development [1] Financing and Technology - Leveraging an AI-driven technology system and a team of over 70% technology risk control talents, Haier Consumer Finance has served 19.45 million real-name new citizens, with a cumulative loan amount of approximately 172.4 billion, demonstrating the power of inclusive finance [2] - The Smart Home Installment business has covered over 2,000 Haier specialty stores nationwide, with a cumulative installment amount of 130 million, where special promotional events can boost retail sales by over 30% in partner stores [2] - Haier Consumer Finance has submitted over 730 patent applications, with more than 95% of its 600 online operational applications being self-developed, focusing on cutting-edge areas such as AI, multimodal interaction, and large model applications [2]

一次性信用修复政策重磅落地，12月22日，中国人民银行发布一次性信用修复政策：明确对特定时期、 特定金额的个人逾期信息进行一次性修复，且实行"免申即享"的便捷模式。作为政策落地的"最后一公 里"，北京商报记者注意到，截至12月23日，除了多家银行行动外，也有多家消金公司响应，包括系统 改造升级、专项触达与引导、设计专项服务流程等，通过官网官微通知、短信推送、人工电话沟通等多 种渠道，向目标用户讲解政策适用条件，主动引导客户深入了解政策内容。目前，各项任务正有序开 展。 其中，马上消费金融相关部门负责人回应北京商报记者称，疫情期间，部分金融消费者因维持经济周转 出现债务逾期，个别失信记录不仅影响个人信用评分，更制约其后续融资与生活发展。一次性信用修复 政策的出台，精准聚焦因故失信群体的信用改善需求，有效缓解其信用压力，让金融政策彰显出"以人 为本"的温度与关怀。 在政策响应上，机构重点将客户服务保障作为工作核心抓手。马上消费金融相关部门负责人称，公司全 力推进内部多系统改造升级，设计专项服务流程，确保电话客服、在线客服等渠道能够为客户提供精准 的政策咨询应答。同时，公司开通"本机构个人数据查询功能"，提供逾期信 ...

Core Insights - The non-banking financial institutions (NBFIs) have achieved a record asset scale of 32.43 trillion yuan, contributing long-term funds to industrial chain finance and pension security as the "14th Five-Year Plan" approaches its conclusion [1] - The consumer finance sector has surpassed 1 trillion yuan in loan balances, providing inclusive financial services to over 80 million rural customers [1] - The financing leasing market for high-end equipment manufacturing has exceeded 20 trillion yuan, indicating steady growth in emerging leasing business scenarios [1] Group 1: Industry Development - NBFIs are focusing on their core businesses during the "14th Five-Year Plan" period, with financial companies targeting internal capital flow for enterprises, consumer finance stimulating domestic consumption, and leasing companies addressing equipment financing challenges [2] - Financial leasing companies are introducing flexible financing solutions for manufacturing equipment, while financial companies are providing precise funding for key projects through centralized capital management [2] Group 2: Consumer and Social Impact - Consumer finance companies are embedding services in various consumption scenarios, offering small loans with low interest rates to activate consumer potential [3] - Trust companies are innovating in areas such as pension security and charitable trusts, with the number of registered charitable trusts reaching 2,676 and total assets surpassing 10.632 billion yuan [3] Group 3: Risk Management and Compliance - Compliance and risk management are emphasized as key components of NBFIs' development, with a focus on establishing comprehensive mechanisms for credit issuance, related transactions, and liquidity management [4] - NBFIs are leveraging technology to enhance risk control, with various systems developed to predict and identify fraud and other risks [4] Group 4: Future Directions - NBFIs are aligning with national strategies and trends to better serve the real economy, focusing on optimizing traditional industries and fostering new and future industries [6] - The consumer finance sector is adapting to new consumer demands, while financial leasing is deepening its involvement in sectors like aviation and renewable energy [6] Group 5: Policy Support - Recent policies have been introduced to strengthen business development and risk control, including fiscal subsidies for consumer finance and revised regulations for trust companies [7] - The new management measures for financial leasing companies outline specific requirements for due diligence and risk assessment [7]

Core Insights - The Chinese consumer finance industry is at a transformative crossroads in 2025, influenced by the implementation of new regulations that redefine profitability and operational strategies [1][2][8] Regulatory Changes - The new regulations, effective October 1, 2025, impose a cap on comprehensive financing costs at an annualized rate of 24%, impacting institutions that relied on high-interest rates to cover costs [2][3] - The introduction of a "white list" system for lending partners raises compliance standards, affecting the operational landscape of consumer finance companies [3][6] Market Dynamics - As of Q3 2025, consumer loans (excluding personal housing loans) reached 21.29 trillion yuan, reflecting a 4.2% year-on-year growth, indicating resilience in the face of regulatory tightening [1] - The industry is experiencing a clear polarization, with smaller institutions struggling to adapt while larger, compliant firms capitalize on the regulatory changes to strengthen their market positions [2][3] Operational Adjustments - Consumer finance companies are shifting from broad partnerships to a more selective approach in choosing lending partners, aligning with regulatory requirements [2][3] - The collaboration between consumer finance companies and lending platforms is essential for resource integration, risk sharing, and enhancing customer acquisition [3][4] Strategic Transformation - The industry is moving towards a model that emphasizes technology and self-sustaining operations, reducing reliance on external funding sources [7][8] - Companies are increasingly investing in technology to optimize risk management and operational efficiency, with successful examples emerging from leading firms [7][8] Future Outlook - The consumer finance sector is expected to continue growing under supportive policies aimed at boosting consumption and expanding domestic demand, with a focus on compliance and technological integration [8] - The industry's evolution will hinge on balancing compliance, technological advancement, and the mission of inclusive finance, positioning firms for sustainable growth [8]

2025年，消费金融行业再次巨变。助贷新规之下，利润空间被急剧压缩。这是否意味着消金行业真的步入了"至暗时刻"？还是说这是一场迟来的行业净化与 价值回归？ 当目光从短期的震荡拉长至十年，就会发现所谓的"变天"实则是一场从野蛮生长到有序发展、从规模扩张到能力建设的必然改变。而驱动这一切的核心，正 是那些不被看见的大多数。他们为了生活和消费一次借款仅需2000-3000元，却构成了普惠金融最真实、最庞大的需求基础，而他们的存在，更决定了行业 的未来方向——回归金融服务的本质。 对于消费金融机构而言，现阶段依然存在流量费用高、资金成本高、违约成本高等诸多问题，如何摆脱流量的依赖降低成本，进行有效的风险管理成为了行 业关注的焦点。而自营和科技成为破解困局的关键。尽管短期内自营能力建设需投入大量人力、物力和财力，成本较高；但长期来看，建成后可形成自我运 营能力，增强市场话语权，降低成本。 在业内看来，最终留下的一定是那些主动应变、坚守本质的机构。所谓的 "至暗时刻"，不过是行业回归金融本质的必经之路。 新规引发巨变，是至暗时刻还是转型契机？ 10月1日，行业观望已久的《商业银行互联网助贷业务管理办法》正式实施，要求商业 ...

当数字化与智能化的浪潮以排山倒海之势重塑全球金融版图，身处变革洪流的消费金融领域，也迎来了 金融科技这一激动人心的崭新篇章。这场科技革命，已然成为群雄逐鹿的战略高地。作为消费金融行业 的新兴力量，平安消费金融深知科技创新乃制胜关键。自诞生之日起，平安消费金融便积极探索如何以 金融科技为引擎，驱动金融服务的智能化升级，持续提升金融惠民的效率与能级。凭借在消费金融领域 的深耕细作与突破，平安消费金融于备受关注的第十二届"金智奖"年度评选中脱颖而出，荣膺"杰出消 费金融公司"奖项。 聚焦客户服务价值提升，扩大金融服务的内涵和边界 金融服务不仅需要专业性，更应体现人文关怀。平安消费金融以科技赋能服务，在便捷与温度间实现平 衡，成为客户信赖的伙伴，用实际行动践行"金融为民"理念。以平安消费金融"小橙花"产品为例，它摒 弃传统金融机构的繁琐流程，采用全流程线上申请，实时出额，无需面签，轻松快捷。客户在使用平安 消费金融小橙花时，仅需简单四步即可完成申请操作。同时，它还最大程度地缩短到账时间，最快5分 钟即可获得额度审批，切实打造"省心、省时、又省钱"的消费金融体验。除此之外，平安消费金融小橙 花24小时随时借款，额度在5 ...

今日A股多元金融板块呈现强势走强态势，成为大金融赛道的核心亮点，呈现"龙头连板、梯队跟涨"的 活跃格局。板块情绪标杆鲁信创投表现极为亮眼，凭借创投行业景气回升与资金持续追捧，实现2连板 走势，强势奠定板块领涨地位；华金资本、九鼎投资、拉卡拉、中油资本、香溢融通等同步跟涨。从交 易情况看，资金进场迹象明确，反映出市场对多元金融行业政策红利与成长潜力的高度认可。 资本市场改革深化，多元金融迎政策东风：据小牛行研2025年12月14日发布的《非银行金融行业研究报 告》显示，监管层明确提出"持续深化资本市场投融资综合改革"，年内《推动中长期资金入市工作的实 施方案》《推动公募基金高质量发展行动方案》等一系列政策落地，资本市场包容性、适应性显著增 强。政策鼓励金融机构加力支持科技创新、中小微企业等重点领域，同时支持行业内兼并收购，为多元 金融企业提供了广阔的业务拓展空间。 消费金融行业量价质共振，进入红利释放期：中信建投2025年12月15日发布的非银金融行业研报指出， 当前消费金融行业处于政策红利与技术红利双重驱动期，监管逻辑趋稳、促消费导向明确、AI技术提 效背景下，行业实现量价质修复共振。头部消费金融企业凭借技术 ...