7月14日，宁夏回族自治区地方金融管理局发布公告，决定收回7家助贷机构涉金融事项经营资质，银川 信融管理咨询合伙企业(有限合伙)等机构在列。 今年以来，各地监管部门持续释放出规范助贷的鲜明信号。与此同时，多家消费金融公司陆续公布合作 助贷机构名单。助贷正迎来更为严格的合规考验。 在监管力度不断加大的背景下，消费金融公司也在积极采取措施，响应监管要求。 2025年4月，《国家金融监督管理总局关于加强商业银行互联网助贷业务管理提升金融服务质效的通 知》发布，其中，明确规定"商业银行总行应当对平台运营机构、增信服务机构实行名单制管理，通过 官方网站、移动互联网应用程序等渠道披露名单，及时对名单进行更新调整。" 据《金融时报》记者了解，宁夏此次清理的大多是地方线下助贷机构，主要为区域内的民营企业、个人 及非法人组织提供助贷、转贷及相关咨询服务。 值得注意的是，部分机构的实际控制人存在严重的信用问题。企查查信息显示，宁夏上善助贷中心(有 限合伙)共有8条自身风险，包括司法诉讼8条。此外，该企业实控人周辉于2025年7月被法院立案成为被 执行人并收到限制消费令；宁夏共卓略企业管理咨询合伙企业(有限合伙)(曾用名：宁夏固原 ...

Core Viewpoint - The implementation of new regulations for internet lending is accelerating a reshuffling in the industry, leading to a concentration of resources among major lending platforms while smaller platforms are being forced out due to compliance pressures [1][2]. Group 1: Regulatory Changes - The new regulations, effective from October 1, require banks to manage a list of approved lending platforms, limiting partnerships to those on the list [2][3]. - Financial institutions are reducing their cooperation with smaller lending platforms due to increased compliance risks and a tightening of risk appetite [2][3]. Group 2: Market Dynamics - Smaller lending platforms previously utilized hidden fees to raise effective interest rates above the 24% threshold, but the new regulations have closed this loophole [3][4]. - Major lending platforms such as Ant Group, Meituan, Douyin, and JD.com are frequently appearing on the cooperation lists of various financial institutions, indicating a trend towards consolidation in the market [4][5]. Group 3: Risk Management - Financial institutions are focusing on risk management and compliance, leading to a preference for larger platforms with established risk pricing capabilities [3][4]. - Banks are implementing systematic rating mechanisms for assessing potential lending partners, evaluating factors such as shareholder background, management stability, and risk management capabilities [5].

Core Viewpoint - The new regulations on internet lending by commercial banks aim to enhance the management and compliance of lending practices, leading to a significant restructuring and differentiation within the industry [2][4][7]. Summary by Sections Internet Lending Business - Internet lending refers to the model where commercial banks collaborate with external internet platforms to provide loans to eligible borrowers, primarily serving personal consumption and small businesses [1]. New Regulations Highlights - Commercial banks and consumer finance companies must not only act as funding sources but also enhance post-loan collection management, correcting any identified violations promptly [2]. - Banks are required to accurately understand the actual fees charged by credit enhancement service providers, ensuring that the total financing cost for borrowers does not exceed the legal limit of 24% annual interest [2]. - A list management system will be implemented for platform operators and credit enhancement service providers, prohibiting collaboration with entities not on the approved list starting from October 1, 2025 [2]. Industry Response to New Regulations - Following the announcement of the new regulations, several institutions, including Guangzhou Bank and Chengde Bank, have proactively disclosed their lists of lending partners, indicating a trend towards collaboration with leading platforms [3][4]. - The disclosed lists predominantly feature top-tier platforms and various types of institutions, reflecting a significant shift in the industry landscape [3]. White List Disclosure - Guangzhou Bank has revealed a list of 17 cooperative lending platforms and credit enhancement institutions, including major players like Lexin and WeBank [4]. - Chengde Bank's list includes companies under Ant Group and JD Group, showcasing the involvement of major internet firms in the lending space [4]. Business Models of Consumer Finance Companies - Consumer finance companies often establish lending platforms to match third-party funding sources, enhancing their business structure through a combination of off-balance-sheet and on-balance-sheet operations [6]. Industry Differentiation and Restructuring - The implementation of the list management system is expected to intensify industry differentiation, favoring larger, more compliant institutions that can meet regulatory standards [7][8]. - The capital strength of leading internet companies allows them to dominate the market, while smaller institutions may struggle to expand due to capital constraints [7]. Performance of Leading Institutions - Leading consumer finance companies, such as Mashang Consumer Finance, reported a net profit of 2.281 billion yuan in 2024, reflecting a 15.1% year-on-year increase, despite a decline in on-balance-sheet loan issuance [9]. - The company has established partnerships with over 90 financial institutions, with its open platform business lending amounting to 180.6 billion yuan in 2024, indicating a strategic shift towards open platform operations [10].