提升服务智能化水平一直是金融机构的核心命题之一。作为业内率先发布零售金融大模型的 金融机构，马上消费的"天镜"已覆盖营销、客服、用户运营、企业智能等零售金融的八大领 域，全面服务了超2亿用户。 2023年8月，马上消费依托两亿用户数据，自主研发出全国首个金融领域大模型"天镜"，覆 盖了智能营销交互、数据决策支持、防伪安全等八大应用场景。去年11月底，马上消费在此 基础上升级迭代，推出"天镜"2.0，实现了在模型技术创新、具体应用等核心领域的突破性进 展，有效解决了零售金融常见的问题。 蒋宁表示，和"天镜"2.0相比， "天镜"3.0的核心突破在于开启了从个体智慧到群体智慧的系 统性跃迁 。与以往模型不同，它 不再仅依赖逻辑学习，而是深入挖掘企业中散落的隐性经 验 。 允中 发自 凹非寺 量子位 | 公众号 QbitAI 6月6日， 由中共重庆市委金融委员会办公室、重庆市商务委员会、重庆两江新区管理委员 会共同指导，由消费金融服务联盟、打击金融领域黑产联盟（AIF）联合主办，马上消费等 19家金融机构、重庆广播电视(总台)第1眼TV等协办的"2025消费金融生态大会"在重庆举 行。 作为金融大模型技术国际标准制 ...

Core Viewpoint - The 2025 Consumer Finance Ecological Conference held in Chongqing aims to explore innovative paths for financial support to boost consumption and establish a high-quality development blueprint for the industry [1][2]. Group 1: Conference Objectives and Themes - The conference focuses on the theme of financial support for consumption, discussing directions for enhancing consumption through financial empowerment, contributing to the "dual circulation" development pattern [2]. - The event is guided by various governmental bodies, emphasizing collaboration among political, industrial, academic, and research sectors to build a robust consumer finance ecosystem [1]. Group 2: Initiatives and Actions - A collective initiative titled "Financial Support for Expanding Consumption" was launched by 19 financial institutions, introducing new financial products aimed at boosting consumer spending [3][6]. - The Chongqing financial system is implementing a comprehensive plan to support consumption, including actions for upgrading large-scale consumption, enhancing service quality, and optimizing the financial environment [7]. Group 3: Legal and Regulatory Developments - The establishment of the China Consumer Finance Legal Research Center aims to protect consumer rights and create a comprehensive legal framework for the consumer finance sector [4][10]. - The conference also introduced the "Consumer Finance Environment, Social, and Governance Implementation Guidelines," which set new operational standards for the industry, focusing on ESG principles [11]. Group 4: Technological Innovations - The conference highlighted the launch of "Tianjing 3.0," an upgraded financial model by Mashang Consumer, which leverages technology to enhance service intelligence and consumer experience [8]. - The financial sector is increasingly focusing on technological innovation as a core driver for transformation, with significant advancements in retail financial models [8]. Group 5: Research and Insights - The "Consumer Finance Service Report for New Citizens" was released, emphasizing the importance of consumer finance in supporting new citizens and promoting economic stability [14]. - The report indicates that consumer finance can alleviate liquidity constraints and enhance employment opportunities, aligning with national strategies to expand domestic demand and consumption [14].

Core Viewpoint - The 2025 Consumer Finance Ecological Conference held in Chongqing aims to explore innovative paths for financial support to expand consumption, emphasizing the importance of consumption as a key driver of economic growth and a vital support for the national economic cycle [2][5]. Group 1: Conference Overview - The conference, themed "Financial Promotion of Consumption: A New Journey," was guided by various governmental and financial institutions, aiming to gather insights from multiple sectors to enhance the consumer finance ecosystem [2]. - The event included collective initiatives, policy interpretations, academic discussions, and the release of results, focusing on how finance can empower consumption and contribute to a new development pattern [2][5]. Group 2: Key Presentations and Reports - A new implementation guideline for ESG (Environmental, Social, and Governance) in consumer finance was released, providing a framework for financial institutions to support sustainable practices [7]. - Notable speakers, including Jiang Xiaojun and Fan Gang, discussed the strategic positioning of consumer finance during the 14th Five-Year Plan period and the role of technology in promoting inclusive finance [5][8]. - The "Consumption Finance Service Report for New Citizens" highlighted the positive impact of consumer finance on new citizens, emphasizing its role in alleviating liquidity constraints and enhancing employment opportunities [9][11].

Core Insights - The 2025 China Consumer Finance Index (CCFI) was officially released, marking the first publicly available comprehensive evaluation index for the consumer finance industry in China [1] - The report highlights Chongqing's consumer finance development practices, establishing a "Chongqing Standard" for local consumer finance growth [1] Group 1: Development Level - Chongqing ranks among the top tier of consumer finance development in China, alongside Shanghai and Beijing, with personal consumer loan balances reaching 892.253 billion yuan (excluding housing loans) by the end of 2024, reflecting a year-on-year growth of 9.9% [2] - The comprehensive strength of consumer finance institutions in Chongqing is also ranked first nationally, with over 80 consumer finance supply entities across various sectors, including banks, consumer finance companies, auto finance companies, and online lending [2] Group 2: Digital Innovation - Chongqing leads the industry in digital innovation capabilities, with local consumer finance and online lending companies at the forefront of technological advancements in areas such as big data, artificial intelligence, and knowledge graphs [2] - By the end of 2024, three consumer finance companies in Chongqing accounted for over half of the national patents and invention patent authorizations, while 37 online lending companies held two-thirds of the national invention patents and one-third of software copyrights [2] Group 3: Industry Infrastructure - The development of the consumer finance industry in Chongqing remains at a leading national level, with the establishment of the National Financial Technology Certification Center and the Chengdu-Chongqing Financial Court, the first financial court in Central and Western China [3] - Chongqing has also created the first cross-regional social organization for consumer rights protection in the banking and insurance sectors, as well as the first alliance to combat financial black market activities [3] - The "Yujintong" and "Yujindun" financial platforms provide foundational support for the digital financial scene applications across the industry [3]

在当今数字化时代,网络交友已成为人们社交生活的重要组成部分,然而,诈骗分子也趁机潜入其中,利用人 们的信任实施诈骗。为此,马上消费金融特别提示大家,网络交友也需要谨慎,警惕陌生人的诈骗陷阱。 长沙的宁女士,通过网络结识了一位自称"军官"的男子。随着两人交流的深入,"军官"向宁女士透露了一 个所谓的"投资平台",称自己有内幕消息,但由于军人身份的限制,无法亲自操作投资,便请求宁女士代为管 理账户。 第二,任何承诺"稳赚不赔""高额回报"的投资理财项目都有可能是诈骗。应树立正确的理财观念,认识到 投资有风险,收益与风险往往是并存的。在进行投资前,充分了解投资项目的真实情况,进行必要的市场调 研和风险评估。 为了进一步核实情况,民辅警立即前往银行了解具体情况。当民警再次询问宁女士取现用途时,她才谎称 是用于家里装修,但又拿不出任何证明材料,因此民辅警立即将她带到洪山桥派出所,耐心地为她详细讲解 各种常见的诈骗手法,结合实际案例进行深入分析。最终,宁女士意识到这个所谓的投资平台是一个彻头 彻尾的骗局,所谓的高额收益不过是诈骗分子精心编制的陷阱,而那名"军官"也是骗子假扮的。 套路解析:诈骗分子的伪装与诱导 诈骗分子的 ...

Core Viewpoint - 中银消费金融有限公司 is facing significant challenges with deteriorating asset quality and declining performance, as evidenced by its recent bulk transfer of non-performing personal consumption loans totaling 1.302 billion yuan, involving over 9,400 borrowers across multiple provinces [1][4][6]. Group 1: Financial Performance - In 2024, 中银消费金融 reported a net loss of 306 million yuan, marking the first mid-year loss in its history, making it the only loss-making company among its peers [6][10]. - The company's total assets reached 79.67 billion yuan by the end of 2024, with a net asset value of 9.1 billion yuan and a loan balance of 78.41 billion yuan [6][7]. - The net profit has seen a drastic decline from 853 million yuan in 2021 to just 59.5 million yuan in 2024, representing a nearly 90% drop [7][10]. Group 2: Asset Quality - 中银消费金融 has been actively transferring non-performing loans, with over 6 billion yuan in personal non-performing loans transferred in 2024 alone [4][6]. - The non-performing loan (NPL) ratio has increased from 2.80% in 2022 to 3.56% in 2024, indicating a worsening asset quality situation [9][10]. - The company has seen a continuous rise in the scale of non-performing loans, with figures of 1.728 billion yuan in 2022, 2.495 billion yuan in 2023, and 2.792 billion yuan in 2024 [9][10]. Group 3: Market Position and Competition - Despite its strong backing from major shareholders like 中国银行 and 百联集团, 中银消费金融 has lost its competitive edge, with peers like 中邮消金 and 宁银消金 reporting net profits of 804 million yuan and 303 million yuan respectively in 2024, both showing over 50% growth [8][10]. - The company was once a leader in the consumer finance sector but has struggled since 2018, with its growth momentum halted and profits declining [6][10]. Group 4: Regulatory Issues - 中银消费金融 has faced regulatory scrutiny, receiving fines for improper collection practices and management failures, including a fine of 900,000 yuan in December 2024 [13][15]. - The company received 503 complaints in 2024, primarily related to repayment negotiations and post-loan management, indicating customer dissatisfaction [15].

Core Viewpoint - The article discusses the relationship between consumer loans and credit reporting, clarifying that most consumer loans are reported to the credit system, which is essential for maintaining financial integrity and consumer trust [1][2]. Group 1: Understanding Credit Reporting - "Up to credit" means that lending institutions report consumer borrowing and repayment information to the central bank's credit information database, which is managed by the People's Bank of China [1]. - The credit reporting system is designed to help the financial industry mitigate risks and promote better market development [1]. - Institutions engaged in lending are legally obligated to report credit information to the central bank's credit system [1]. Group 2: Consumer Loan Reporting Practices - Most consumer loans are reported to the credit system, but this can vary by lending institution [2]. - Traditional banks report repayment records regularly to the credit system, while many internet financial products have begun to comply with credit reporting standards [2]. - Borrowing from institutions that report to the credit system is generally safer, as these institutions meet specific qualifications and technical requirements [2]. Group 3: Risks and Benefits of Credit Reporting - Consumers should not fear credit reporting, as overdue payments carry risks such as penalties and collection calls [3]. - Timely repayments contribute positively to credit history, facilitating future loan approvals and credit card applications [3]. Group 4: Tips for Maintaining Good Credit - Consumers are advised to manage their finances carefully, ensuring they do not over-borrow [4]. - Keeping track of repayment dates and ensuring timely payments is crucial for maintaining a good credit record [5]. - Regularly checking credit reports for discrepancies and protecting personal information from misuse are essential practices [6][7]. - Seeking help through legitimate channels for any credit record disputes is recommended, avoiding scams related to credit repair [8].

Core Viewpoint - The market's perception of a company significantly influences its stock price, and identifying discrepancies in expectations is crucial for investors to achieve excess returns [1] Group 1: Company Performance - Lexin's Q1 profit reached the highest level in the last 13 quarters, yet its stock price fell from $11 to a low of $7 post-earnings report, indicating a potential expectation gap in the market [2] - Lexin's Q1 revenue was 3.1 billion RMB, showing no growth compared to previous quarters, primarily due to a decline in loan facilitation service revenue [3] - The company's financial net income for Q1 was 1.82 billion RMB, an increase of nearly 100 million RMB from the previous quarter, which may have been overlooked by many investors [3] Group 2: Risk Management and Asset Quality - Lexin has enhanced its risk control capabilities, resulting in a 30% year-on-year decrease in fraud rates and improved asset quality indicators [6] - The company's provision coverage ratio increased to 268% in Q1, up from 255% in Q4 of the previous year, indicating a strong buffer against potential losses [7] Group 3: Market Sentiment and Analyst Predictions - Major investment firms have set target prices for Lexin at $13.6, $12, and $11.8, suggesting significant upside potential from the current stock price [8] - Analysts predict Lexin's net profit for the year will reach 1.93 billion RMB, a 75% year-on-year increase, reflecting confidence in the company's growth trajectory [9] - Lexin has announced an increase in its dividend payout ratio from 25% to 30% of net profit, demonstrating a commitment to shareholder returns and confidence in future performance [9]

Core Viewpoint - The recent notification from the National Development and Reform Commission aims to reduce credit service fees, effective from July 1, 2025, to lower operational costs for businesses, optimize the business environment, and promote the development of the real economy and social credit system [1][4]. Group 1: Fee Reduction Details - The service fee for querying corporate credit reports will decrease from 20 yuan to 9 yuan, while the fee for personal credit reports will drop from 2 yuan to 1 yuan [4]. - Various financial institutions, including rural commercial banks and consumer finance companies, will continue to enjoy preferential fee standards, with personal internet queries remaining free [4]. - The annual fee for accounts receivable pledge registration will be reduced from 30 yuan to 15 yuan, and the fees for change and dispute registrations will decrease from 10 yuan to 5 yuan [4]. Group 2: Impact on Financial Institutions - The reduction in credit service costs is expected to save users approximately 1.1 billion yuan annually [2]. - Lowering credit costs will alleviate the operational burden on banks, facilitating financing for the real economy, and will also reduce the financial burden on individuals seeking credit information [4]. - The adjustment is particularly beneficial for small financial institutions, as they often face higher credit costs due to the volume of small transactions [4]. Group 3: Broader Financial Context - In the context of increasing pressure on bank interest margins, reducing non-interest costs like credit service fees is crucial for lowering overall financing costs in society [6][7]. - The People's Bank of China has made significant progress in building a comprehensive credit information system, which is now the largest in the world in terms of population coverage and data collection [7]. - The dual approach of "government + market" in developing the credit system aims to enhance service quality and efficiency, thereby improving the matching of financial resources with real demand [7]. Group 4: Potential Issues - The reduction in query costs may lead to excessive information queries, raising concerns about consumer rights and the need for transparency in the querying process [8]. - A robust social credit system is essential for the stable development of consumer finance, and there are suggestions to grant consumer finance companies access to the same data as banks to improve their service capabilities [8].

Group 1: Central Bank Operations - The People's Bank of China conducted a 7-day reverse repurchase operation of 214.9 billion yuan at a fixed rate of 1.40% on June 4, with the bid and awarded amounts being equal [1] - On the same day, 215.5 billion yuan in reverse repos matured, resulting in a net withdrawal of 600 million yuan, indicating a relatively small scale of operation [1] - This operation reflects the central bank's flexible and precise liquidity management, helping to maintain balance in market liquidity and avoid excessive accumulation or shortage of funds [1] Group 2: European Central Bank Approval - The European Central Bank officially approved Bulgaria's application to adopt the euro, making it the 21st member of the Eurozone, with plans to start using the euro on January 1, 2026 [2] - The European Commission highlighted that joining the Eurozone will benefit Bulgaria by stabilizing prices, reducing transaction costs, protecting savings, increasing investment, and promoting trade [2] - To successfully integrate into the Eurozone, Bulgaria needs to implement strong policies to enhance economic competitiveness and resilience [2] Group 3: Trust Industry Growth - The China Trust Industry Association reported that the total trust assets reached 29.56 trillion yuan by the end of 2024, an increase of 5.64 trillion yuan from the end of 2023, representing a year-on-year growth of 23.58% [3] - This growth is attributed to the trust industry's transition towards a more diversified and professional asset service model, moving away from traditional non-standard financing [3] - The significant change in asset scale reflects the industry's proactive adjustment to market demand under the "three classifications" business transformation [3] Group 4: U.S. Economic Pressure - Following disappointing ADP employment data for May, which showed an increase of only 37,000 jobs compared to an expected 110,000, President Trump urged Federal Reserve Chair Powell to lower interest rates [4] - The employment growth rate in May was the lowest since March 2023, putting pressure on the Federal Reserve regarding its monetary policy [4] - Trump argues that not lowering interest rates puts the U.S. at an economic disadvantage, while the Federal Reserve maintains its policy independence based on economic data and analysis [4] Group 5: Corporate Name Change - Recently, the company formerly known as Jiexin Consumer Finance officially changed its name to Tianjin JD Consumer Finance Co., Ltd., indicating a significant corporate restructuring [5] - The registered capital was reduced from 7 billion yuan to 5 billion yuan, and new shareholders were added, including JD's subsidiaries [5] - This name change signifies the completion of the equity restructuring and is expected to enhance JD's customer service capabilities and promote healthy development in the platform economy [5]