Since May, multiple local financial regulators have issued window guidance to some small banks and consumer finance companies requiring assisted-loan channel growth not to exceed self-operated loan growth, month-on-month reductions in outstanding assisted-loan balances, and a limit of 25% on financing/guarantee-type business share. Analysts say the guidance targets both new assisted lending and orderly contraction of existing stock; several targeted institutions are reportedly lagging regulators

Since May, multiple local financial regulators have issued window guidance to some small banks and consumer finance companies requiring assisted-loan channel growth not to exceed self-operated loan growth, month-on-month reductions in outstanding assisted-loan balances, and a limit of 25% on financing/guarantee-type business share. Analysts say the guidance targets both new assisted lending and orderly contraction of existing stock; several targeted institutions are reportedly lagging regulators' expectations. Regulators’ stated aim is to force licensed institutions back to core business, strengthen on‑book risk controls, reduce reliance on external channels and limit risks from excessive scale expansion.