Small loan institutions continue to "lose weight": over the past 10 years, nearly 4,000 have sharply decreased, with a workforce of 110,000 shrinking to 40,000.

Recently, the People's Bank of China released the statistical data report on small loan companies for the second quarter of 2025. The data shows that as of the end of June 2025, there are a total of 4,974 small loan companies nationwide. The loan balance is 736.1 billion yuan, a decrease of 18.7 billion yuan in the first half of the year. Since the China Banking and Insurance Regulatory Commission issued the "Interim Measures for the Supervision and Management of Small Loan Companies" in January of this year, several provinces across the country have launched concentrated actions to clear out non-compliant small loan companies. In the first half of the year alone, the number of small loan companies reduced has surpassed the total reduction in 2024.