"开门红"正在褪色。 曾经硝烟弥漫的银行"开门红"，今年画风骤变。 曾经一开年就上演的"利率大战"明显降温：高息存款与理财普遍缺货，一度探至2.2%历史低点的经营贷 利率也悄然回调至2.35%以上。然而，产品端的"静悄悄"并不意味着压力的减轻。当监管趋严、存款搬 家、优质资产稀缺成为常态，基层银行人的指标压力正以更复杂、更隐蔽的形式存在。 与存款指标相比，贷款和中间业务正成为新的考核重点。第一财经记者调查发现，部分银行员工从过 去"花钱买存款"转向"贴钱完成贷款指标"。有银行员工为完成贵金属销售任务，不惜自掏腰包补贴客 户；为完成小微贷款指标，通过"刷脸"请企业主短期借款冲量，甚至与贷款中介合作包装客户资质。 "表面上'开门红'淡了，但全年的战斗早就打响了。"一位银行员工说。 "开门红"概念淡化 曾几何时，每年初的"开门红"是银行业硝烟弥漫的黄金战场。2010年至2020年间，各银行总行常于此时 大手笔释放专项信贷额度，专属高息理财、贴息存款与贷款优惠鱼贯而出，意在抢占全年先机。 然而今年，熟悉的图景已然改变。在产品端，以往提振市场的高息存款、理财利器普遍缺席。 以深圳为例，11月中旬，当地房抵经营贷利率一度 ...

基层银行人的指标压力正以更复杂、更隐蔽的形式存在。 曾经一开年就上演的"利率大战"明显降温：高息存款与理财普遍缺货，一度探至2.2%历史低点的经营贷 利率也悄然回调至2.35%以上。然而，产品端的"静悄悄"并不意味着压力的减轻。当监管趋严、存款搬 家、优质资产稀缺成为常态，基层银行人的指标压力正以更复杂、更隐蔽的形式存在。 与存款指标相比，贷款和中间业务正成为新的考核重点。第一财经记者调查发现，部分银行员工从过 去"花钱买存款"转向"贴钱完成贷款指标"。有银行员工为完成贵金属销售任务，不惜自掏腰包补贴客 户；为完成小微贷款指标，通过"刷脸"请企业主短期借款冲量，甚至与贷款中介合作包装客户资质。 "表面上'开门红'淡了，但全年的战斗早就打响了。"一位银行员工说。 "开门红"概念淡化 "开门红"正在褪色。 曾几何时，每年初的"开门红"是银行业硝烟弥漫的黄金战场。2010年至2020年间，各银行总行常于此时 大手笔释放专项信贷额度，专属高息理财、贴息存款与贷款优惠鱼贯而出，意在抢占全年先机。 然而今年，熟悉的图景已然改变。在产品端，以往提振市场的高息存款、理财利器普遍缺席。 以深圳为例，11月中旬，当地房抵经营贷利 ...

21世纪经济报道记者 叶麦穗 房抵经营贷利率年末出现"大比拼"，据记者了解，目前银行的底价基本在2.35%。一家国有大行三农信 贷部的负责人表示，该行的经营贷"量足价优"，基本上有抵押品的经营贷利率能做到2.5%；纯信用类产 品利率一般在3%左右，要是客户信用好、流水稳定，利率还有进一步协商的空间。 当前，房贷需求疲软，手握房产与营业执照的小微企业主，已然成为银行信贷业务的"新蓝海"。与此同 时，临近年底消费旺季，消费贷也成为金融机构的"必争之地"。 此前有消息称，市场上的经营贷利率一度突破底价，年化利率低至2.2%。在记者采访中发现，并没有 碰到类似情况，不过整体来看经营贷利率处于"极划算"的位置。 广州市增城一家民宿老板张先生告诉记者："这几年周边游热度起来了，我想翻新民宿提升竞争力，粗 算下来需要200万元资金。前几年也有类似想法，但是因为利率较高，迟迟不敢下手，今年贷款利率非 常优惠，客户经理帮我申请到了3%左右的LPR联动利率，而且为信用贷，比前几年省了不少资金，因 此下定决心开始着手。" 记者走访多家银行发现，不同类型机构的经营贷产品各有侧重，但"低利率、高额度"成为共同标签。平 安银行（0000 ...

Macro News - Xi Jinping emphasized the importance of central enterprises in supporting national strategies and enhancing core competitiveness, urging them to focus on their main responsibilities and optimize the layout of state-owned economy [4] - The meeting of central enterprise leaders highlighted the need for strong support in major infrastructure construction and the promotion of new infrastructure development [4] Industry News - Shenzhen banks have raised the minimum interest rate for business loans secured by real estate to 2.35% annually, up from a previous low of 2.2% [8] - The first batch of L3-level highway autonomous vehicle special license plates has been issued in Beijing, allowing conditional autonomous driving on specific highways [9] - The sixth round of national high-value medical consumables procurement has started, introducing a price anchor concept to balance price reductions and prevent malicious underpricing [9] Company News - SMIC has implemented a price increase of approximately 10% on certain production capacities [10] - Oriental Yuhong reported that its wholly-owned subsidiary in the U.S. was allegedly a victim of telecom fraud, with an involved amount of approximately 12.118 million yuan [10] - Aiko Cyber announced it won the bid for the BEST and HL-3 nuclear fusion power project [11] - Zhenyu Technology plans to raise no more than 1.88 billion yuan for lithium battery precision structural component expansion projects [11] Global Market - U.S. stock indices collectively rose, with the S&P 500 index reaching a new closing high [12] - International gold and silver prices hit historical highs, with COMEX gold futures rising by 1.02% to $4,515 per ounce and silver futures up by 4.44% to $71.61 per ounce [14]

十余家银行声明未与中介合作 11月底，保定银行发布公告称，近日，有不法分子通过打电话等方式声称是该行贷款签约中心人员或保 定银行工作人员，意图利用该行信誉向群众推销贷款产品或从事有关违法犯罪活动。 保定银行声明，从未委托任何机构（贷款签约中心）办理贷款业务，任何机构或个人假借该行名义，通 过微信、互联网站、电话、短信等渠道进行贷款产品宣传，并收取"手续费""中介费""介绍费"等，均与 该行无关。 这是行业近期缩影，10月以来，中信银行、柳州银行、温州民商银行、浦发银行乌鲁木齐分行、浙江萧 山湖商村镇银行、云南安宁稠州村镇银行等超十家银行均发布防范不法贷款中介的公告，声明本银行未 与贷款中介合作展业。 中信银行也发布提示，该行发现社会上有中介机构或个人发布介绍办理中信银行"房抵经营贷"等个人经 营贷款的信息。该行指出，在办理个人经营贷款业务过程中，除合同明确约定的贷款利息外，中信银行 不收取任何费用。同时，银行也不会捆绑销售其他产品。 年关将至，各类资金往来频繁的同时，不法贷款中介也逐渐活跃。 "您好，我是xx银行贷款中心的，这边有一笔20万低利率的备用金，可以随取随用，您这边需要吗？"李 女士向券商中国记者表 ...

Core Viewpoint - The rise of illegal loan intermediaries has prompted multiple banks to issue warnings to customers about potential risks associated with these entities, as they falsely claim to represent legitimate banking institutions [1][5][7]. Summary by Sections Illegal Loan Intermediaries - Numerous banks, including Citic Bank and Baoding Bank, have reported incidents of fraud where individuals impersonate bank employees to promote loan products, leading to public warnings [6][7]. - The prevalence of these scams has forced banks to clarify that they do not collaborate with any loan intermediaries [7]. Reasons for the Proliferation of Illegal Intermediaries - The current economic environment has led to a shortage of effective financing demand, making it difficult for banks to extend credit, which in turn drives some bank staff to seek customers through intermediaries [7]. - There is a significant information asymmetry in the financial sector, with consumers often lacking knowledge about financial products and services, making them vulnerable to scams [8]. - The covert nature of many loan intermediary operations complicates regulatory enforcement, and there are gaps in the regulatory framework regarding the classification and oversight of these entities [8]. Risks Associated with Loan Intermediaries - Illegal loan intermediaries often charge exorbitant service fees and may engage in deceptive practices, including false advertising and the unauthorized sharing of personal information [10]. - Some platforms misrepresent their loan products, advertising low interest rates while imposing hidden fees that exceed regulatory limits [10]. - The emergence of unlicensed intermediaries has led to issues such as aggressive debt collection practices and high-interest traps [10]. Regulatory Response and New Guidelines - The implementation of new regulations in October 2025 aims to strengthen the management of internet loan services by requiring financial institutions to maintain a list of approved partners [11][12]. - As of late October, 120 financial institutions have disclosed their approved loan service partners, with many regional banks significantly reducing their number of collaborations [13]. - The new regulations are expected to challenge banks, particularly smaller ones reliant on loan intermediaries, but also present an opportunity for them to refocus on core banking activities and improve operational quality [14]. Future of the Loan Intermediary Market - The competition in the loan intermediary market is anticipated to shift from a focus on volume and scale to a greater emphasis on risk management, financial technology capabilities, and customer relationship management [14]. - Banks are encouraged to enhance their internal management systems and ensure compliance with new regulations, particularly regarding transparent fee structures and risk assessment processes [14].

Core Viewpoint - The article highlights the increasing activity of illegal loan intermediaries as the year-end approaches, prompting banks to issue warnings to customers about potential risks associated with these intermediaries [1][2][5]. Group 1: Illegal Loan Intermediaries - Numerous banks, including Citic Bank and Baoding Bank, have issued announcements stating they do not collaborate with loan intermediaries, as these intermediaries falsely claim to represent the banks to promote loan products [5][6]. - The rise of illegal loan intermediaries is attributed to several factors, including insufficient effective financing demand, information asymmetry in financial products, and the covert nature of many intermediary operations [6][7]. Group 2: Risks Associated with Loan Intermediaries - Users are exposed to risks such as high service fees, false advertising, and personal information leakage when dealing with illegal loan intermediaries or non-compliant lending platforms [7][8]. - The article mentions that some platforms engage in deceptive practices, advertising low interest rates while charging annualized rates that exceed regulatory limits, and may even disappear after collecting fees [7][8]. Group 3: Regulatory Response and New Guidelines - The implementation of new regulations in October 2025 aims to strengthen the management of internet lending services by requiring financial institutions to maintain a list of approved partners for loan facilitation [8][9]. - Following the new regulations, 120 financial institutions have disclosed their lists of approved lending partners, significantly reducing the number of collaborating institutions for many banks [9][10]. Group 4: Future Implications for Banks - The new regulations are expected to create significant operational adjustments for banks, particularly smaller ones that heavily rely on intermediary services, pushing them to focus on core business and improve risk management capabilities [9][10]. - Banks are encouraged to enhance their internal management systems, ensure compliance with new regulations, and improve transparency in fees and loan terms to protect consumers [10][11].

2025年11月12日，中信银行（601998）发布公告称，为贯彻落实党中央、国务院关于大力提振消费、全 方位扩大国内需求的决策部署，降低服务业经营主体融资成本，助力激发消费市场活力，促进经济加快 向好发展，根据《服务业经营主体贷款贴息政策实施方案》（财金〔2025〕81号）工作部署，中信银行 积极有序推动相关实施工作，现就客户关注问题解答如下： （1）客户申请贷款的经营主体为餐饮住宿、健康、养老、托育、家政、文化娱乐、旅游、体育8类消费 领域。 （2）2025年3月16日至2025年12月31日期间，客户与中信银行完成个人经营贷款的贷款合同签订且相关 贷款资金发放至经营主体。 （3）贷款资金合规用于改善消费基础设施和提升社会服务能力。 （4）客户完成《中信银行服务业经营主体个人贷款财政贴息补充协议》签署。如客户未签署补充协 议，视为放弃本笔贷款财政贴息，不影响贷款的申请、办理及使用。 （5）借款合同按约定足额偿还本金及利息。 （6）贴息申请经省级财政、民政、人力资源社会保障、商务、文化和旅游、卫生健康、体育等相关管 理部门审核通过。 1.问：中信银行财政贴息的服务业经营主体个人经营贷款产品范围有哪些？ 答： ...

Group 1 - The core viewpoint of the articles highlights the proactive measures taken by CITIC Bank to support small business owners and consumers through various financial products and services, particularly in the context of enhancing consumption and economic growth [1][3][6] - CITIC Bank has introduced personal credit products and inclusive financial services that cater to diverse business needs, such as renovation and equipment upgrades for small enterprises, with loan limits reaching up to 10 million yuan [1] - The bank's online credit loan product "Xin Miaodai" offers 24/7 service without collateral, allowing for flexible borrowing for various consumer needs, thus promoting economic activity [1][3] Group 2 - In the automotive finance sector, CITIC Bank collaborates with manufacturers to provide zero and low-interest products, enhancing customer access to financing for both new and used vehicles, with loan amounts up to 1 million yuan and terms up to five years [4] - The bank has implemented differentiated financial products to support the "old for new" consumption initiative, improving customer efficiency and approval rates through dedicated promotional channels [4] - CITIC Bank's efforts align with national policies aimed at boosting consumption and expanding financial supply, as outlined in the guidelines issued by the People's Bank of China and other departments [3][6]