The "Notice on Strengthening the Management of Commercial Banks' Internet Loan-Assisting Business and Improving the Quality and Efficiency of Financial Services" issued by the State Administration of Financial Regulation shall come into force on October 1, 2025.
This policy aims to rectify the irregularities in the internet loan-assisting business. It requires commercial banks to strengthen the centralized management responsibility of their headquarters, implement a name-list management system for platform operating institutions and credit enhancement service institutions, and publicize such lists through official websites, APPs and other channels. The screening criteria cover multiple aspects, including loan balance, customer scale, risk control technology, business processes and complaint rates.
In terms of pricing mechanisms, loan-assisting institutions are strictly prohibited from charging disguised fees in the name of "consultation fees" or "advisory fees". Credit enhancement service fees must be included in the comprehensive financing costs, and the overall costs shall comply with the upper limit of judicial protection — that is, if the total annual interest rate exceeds 24%, the borrower's request for a reduction shall be supported.
This policy will promote the loan-assisting industry to shift from "unrestrained growth" to "compliance-driven development", which is conducive to regulating market order and protecting the rights and interests of financial consumers.