【 导读 】 阿里小贷正式完成注销，业务由网商银行全部承接 中国基金报记者 马嘉昕 10月22日，企查查信息显示，浙江阿里巴巴小额贷款股份有限公司（以下简称阿里小贷）已 于日前被注销，注销原因为"决议解散"。成立15年后，阿里小贷退出历史舞台。 阿里小贷正式完成注销 企查查信息显示，阿里小贷的注销时间为10月17日。该公司成立于2010年3月25日，注册资 本为3亿元，法定代表人为黄浩，由阿里巴巴集团联合复星集团、银泰集团、万向集团等外部 股东发起成立，经营范围为在全国内开展办理各项小额贷款等业务。 阿里小贷曾推出"淘宝贷款"等产品，主要服务电商平台小微商家与个人创业者，是蚂蚁集团 早期金融布局的重要组成部分，也是网商银行成立前的"过渡"公司。 目前，阿里小贷的业务已经由网商银行全部承接。2015年，网商银行获批成立后，该行就开 始逐步承接阿里小贷的全部业务。 事实上，自2022年11月起，阿里小贷已无实际业务运营，并获监管批复退出小贷试点。 2024年2月，阿里小贷公告注销，正式进入清算注销程序，因此本次注销并无实质影响。 记者了解到，阿里小贷的完成注销，标志着其为解决电商中小卖家贷款难的使命已经完成， 并 ...

Core Viewpoint - The Ministry of Finance, the People's Bank of China, and the Financial Regulatory Administration have jointly issued a personal consumption loan interest subsidy policy, marking the first direct subsidy for personal consumption loans from the central government, effective from September 1 for one year [1] Group 1: Policy Implementation - The subsidy will support personal consumption loans issued by six state-owned banks, twelve national joint-stock banks, and five other financial institutions, including four licensed consumer finance companies and one internet-based private bank [1] - The policy aims to stimulate credit demand and enhance funding supply, creating a synergistic effect with previously introduced consumption promotion measures [1][5] Group 2: Financing Trends - Despite the policy not being fully implemented, consumer finance companies and private banks have accelerated their financing activities due to high capital demand [2] - Eight consumer finance institutions have issued a total of 13 financial bonds since 2025, raising approximately 161 million yuan, with Ant Consumer Finance issuing its first financial bond of 2 billion yuan at a rate lower than market expectations [2][3] Group 3: Interest Rates and Financing Tools - The average issuance rate for financial bonds by consumer finance companies has dropped below 2.5% in 2024, with some institutions issuing bonds at rates lower than 1.7% [3] - Private banks primarily use interbank certificates of deposit as a funding tool, with WeBank issuing 53 batches of such certificates, raising 154.5 billion yuan, a year-on-year increase of 340% [3] Group 4: Regulatory Considerations - The selection of leading consumer finance companies and representative private banks for the subsidy is based on their broad customer coverage and mature risk management capabilities [4] - The subsidy policy is seen as an "accelerator" for expanding consumer credit, but it also imposes higher regulatory requirements on institutions to ensure compliance and proper fund allocation [5][6] Group 5: Future Outlook - As the demand for loans increases due to the subsidy policy, institutions may face heightened financing pressures, leading to intensified competition for low-cost funds [6] - Consumer finance companies need to balance asset expansion with risk management, while private banks should explore additional capital-raising tools to meet long-term funding needs [6]

Core Viewpoint - The implementation of the personal consumption loan interest subsidy policy by the Ministry of Finance, the People's Bank of China, and the Financial Regulatory Administration aims to support financial institutions in expanding their consumer loan offerings while facing compliance and financing pressures [1][5]. Group 1: Policy Implementation - The subsidy policy will provide interest support for personal consumption loans issued by selected financial institutions, marking the first direct subsidy from the central government for this purpose [1]. - The policy will officially take effect on September 1 and will last for one year, involving six state-owned banks, twelve national joint-stock banks, and five other financial institutions, including four licensed consumer finance companies and one internet-based private bank [1][2]. Group 2: Financing Trends - Despite the policy not being fully implemented, consumer finance companies and private banks have accelerated their financing activities due to high capital demand [2]. - In 2025, eight consumer finance institutions issued a total of 13 financial bonds, raising approximately 16.1 billion yuan, with Ant Consumer Finance issuing its first financial bond of 2 billion yuan at a lower-than-expected interest rate [2][3]. Group 3: Interest Rates and Debt Instruments - The average issuance interest rate for financial bonds by consumer finance companies has dropped below 2.5% in 2024, with some institutions issuing bonds at rates lower than 1.7% in 2025 [3]. - Private banks primarily use interbank certificates of deposit as a funding tool, with WeBank issuing 53 batches of such certificates, raising a total of 154.5 billion yuan, a year-on-year increase of 340% [3]. Group 4: Regulatory Considerations - The selection of leading consumer finance companies and representative private banks for the subsidy is based on their broad customer coverage and mature risk management capabilities, which can effectively leverage the policy [4]. - The subsidy policy is seen as an "accelerator" for expanding consumer credit, but it also imposes higher regulatory requirements on institutions to ensure compliance and proper fund allocation [5][6]. Group 5: Future Outlook - As the demand for loans increases due to the subsidy policy, the financing pressure on selected institutions may also rise, leading to intensified competition for low-cost funding [6]. - Consumer finance companies need to balance asset expansion with risk management, while private banks should explore additional capital-raising tools to meet long-term funding needs [6].