Loan intermediaries impersonate cooperation, promote transfer of loans and lower interest rates, several banks in Shenzhen issue rare clarifications.

Recently, more than 10 banks in Shenzhen have issued statements intensively, collectively clarifying that they have no cooperation with illegal loan intermediaries, and rare naming a loan intermediary "Xin Xin Hui Lin". Reporter investigation found that the intermediary is still in operation, and had previously used rhetoric such as "interest rate reduction optimization" "partnering with XX bank" to attract customers, even claiming that they can reduce the annual loan interest rate from 4.5% to 2.5%, but there is suspicion of exaggeration in their promotion. The banks speaking out this time coincides with the regulatory authorities cracking down on financial "black-grey industry". Since the beginning of this year, the Ministry of Public Security and the Regulatory Commission have jointly carried out a special operation, focusing on rectifying illegal loan intermediaries, maliciously escaping debts and other chaos. Insiders revealed that there has been a long-standing problem in the loan assistance industry including counterfeiting cooperation, exaggerating marketing, forging qualifications, etc. Some intermediaries even use inflated property evaluation prices to obtain "over-loans", or assist customers in packaging false business qualifications to deceive low-interest business loans. With continued regulatory tightening, banks are also tightening cooperation with intermediaries, and some institutions have completely suspended relevant businesses.