Core Viewpoint - Recent statements from nearly 20 banks in Shenzhen distancing themselves from a loan intermediary have sparked widespread attention and discussion in the industry [1] Group 1: Bank Responses - Major banks, including the six state-owned banks and others like China Merchants Bank and CITIC Bank, have clarified that they have no cooperative relationship with Xin Xin Hui Lin (Shenzhen) Consulting Service Co., Ltd [1] - The company has issued an apology via its official WeChat account, stating it has not partnered with any financial institutions and has removed the logos of 24 mainstream banks from its physical locations [1] Group 2: Loan Intermediary Issues - Since 2022, loan intermediaries have been impersonating banks, promoting services like "no collateral," "no guarantee," and "low-interest free" loans, which has raised significant concerns [1] - The original China Banking and Insurance Regulatory Commission issued a notice in March 2023 to encourage banks to establish a blacklist system for loan intermediaries that induce borrowers to apply for loans illegally [1] Group 3: Industry Trends - The number of illegal loan intermediaries has significantly decreased due to effective governance, but some legitimate intermediaries continue to use deceptive practices [2] - Loan intermediaries have shifted their operations to residential areas, marketing "community financing services" that are difficult for consumers to distinguish from legitimate offerings [2] Group 4: Regulatory Challenges - The challenges in governing loan intermediary misconduct stem from information asymmetry and the covert nature of many intermediary operations [3] - Financial management departments are urged to enhance legal frameworks and regulatory systems, collaborating with law enforcement to combat illegal loan intermediaries [3] Group 5: Consumer Guidance - Financial consumers are advised to apply for loans directly through commercial banks or legitimate financial institutions, avoiding intermediaries [4] - Consumers should not share personal information with loan intermediaries and must be cautious of the risks associated with using such services [4]