Group 1 - The core issue highlighted is the need for stronger consumer protection in the financial services sector, particularly regarding unreasonable pricing and hidden fees that inflate loan costs [1][2] - The report from the China Consumers Association indicates that issues such as "violent" debt collection practices are prevalent, causing distress to consumers [1][2] - Regulatory actions have been taken against financial institutions for non-compliance, with a notable case being Beijing Sunshine Consumer Finance fined 1.4 million yuan for improper loan pricing practices [2] Group 2 - The relationship and management between consumer finance companies and their partner institutions are critical, as many companies rely on third-party platforms for customer acquisition [3] - Recent regulations require financial institutions to implement a list management system for their partner institutions, with some companies beginning to disclose their partner lists [3] - The ongoing regulatory scrutiny in the consumer finance sector is expected to persist, emphasizing the importance of compliance for long-term survival in a competitive market [4]

对24%—36%年化利率助贷产品是否终止的担忧，正悄然改 变当前助贷行业格局。 作者： 陈植 封图：图虫创意 "近期找钱挺难。"一位中小助贷机构资金合作部负责人张刚在6月9日向记者感慨。 在和记者见面后，他马上要前往一家大型城商行磋商能否续签助贷资金合作协议。但他坦言，这家 银行此前已口头通知，大概率不再续签这份协议。 究其原因，是他所在的助贷机构未能纳入这家城商行的助贷机构合作名单。 4月初，国家金融监管总局官网发布《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》（下称《助贷新规》），将从2025年10月1日开始正式实施。 《助贷新规》提出，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，及时对名单进行更新调整，且不得与名单外的机构开展互 联网助贷业务合作。 博通咨询金融行业分析师王蓬博向记者表示，这意味着银行将对合作助贷机构普遍实施 "名单制管 理"，并由总行集中审批合作助贷机构资质。 张刚告诉记者，以往助贷机构与银行的助贷资金合作，主要由银行互联网金融部门与零售部门做出 决策，如今这个决策权被划归总行后，他注意 ...

Core Viewpoint - The new regulations on internet lending, effective from October 1, 2025, are causing significant changes in the lending landscape, particularly affecting small and medium-sized lending institutions that primarily operate in the 24%-36% annual interest rate range [2][3][4]. Group 1: Regulatory Impact - The "New Lending Regulations" require banks to implement a list management system for lending partners, which has led to many small lending institutions being excluded from partnerships with major banks [2][3]. - Banks are increasingly cautious and are opting to collaborate only with top-tier, publicly listed lending platforms, leaving smaller institutions struggling to secure funding [7][8]. - The regulations stipulate that the comprehensive financing cost for lending must not exceed 24%, which threatens the viability of high-interest lending products [3][4]. Group 2: Market Dynamics - As banks withdraw from high-interest lending, the remaining institutions are raising their funding costs, with some offering rates as high as 8% for lending partnerships [3][8]. - Many small lending institutions are cutting marketing and operational costs to survive in a tightening market, while some are pivoting to selling customer traffic to licensed consumer finance companies [3][4]. - The overall lending landscape is shifting towards a concentration of resources among leading firms, as smaller players face increased compliance costs and pressure to meet stricter entry requirements [4][9]. Group 3: Future Outlook - There is a divide in the industry regarding the future of 24%-36% annual interest rate lending, with some believing it will be phased out entirely, while others think it may continue under different operational frameworks [10][11]. - The "dual guarantee" model, which has been a primary method for high-interest lending, is expected to face challenges due to regulatory scrutiny, potentially leading to its decline [12][13]. - Some smaller banks are still interested in high-interest lending as a means to expand their retail loan portfolios, but they are cautious about regulatory risks associated with cross-regional operations [13][14].