Farewell to "losing money but making noise", anti-internal winding wind blows towards the banking industry.

"Some banks are trying to attract customers from other banks by offering lower loan interest rates, longer loan terms, and more lenient approval conditions. The most immediate impact of this is the increase in delayed credit risk. Therefore, we have established an internal competition monitoring model. Next, we will guide banks to compete in a differentiated way, achieving sustainable business. A financial regulatory official in a certain region told reporters. As loan interest rates are declining rapidly while deposit rates remain unchanged, banks are caught in a situation of "losing money but making noise." Due to a lack of product and service innovation leading to high homogeneity, some banks are trying to compete for market share through "quantity over quality," eroding industry profits with this internal competition, particularly squeezing the survival space of small and medium-sized banks. Now, the wind against internal competition has blown towards the banking industry. Financial regulatory authorities and banking associations in Shanghai, Guangdong, Zhejiang, Anhui, and other places have launched anti-internal competition measures, targeting issues such as rebates on mortgage loans, commissions on car loans, and disguised interest subsidies, calling on banks under their jurisdiction to break out of low-level price wars, actively explore innovative service models, adopt differentiated competitive strategies, and promote the sustainable and healthy development of the banking industry."