Shenzhen Local Financial Regulatory Bureau warned illegal intermediaries are
marketing fast approvals, rate cuts and “debt optimization” schemes to induce
consumers to obtain loans or renegotiate repayments, infringing consumer rights
and disrupting market order. They fabricate occupations, income and account
flows to “package” borrowers as professional debtors, obtain loans and
disappear, leaving consumers to bear debts and risks. Intermediaries also tout
“transfer-to-reduce-rate,” “increase limits” and “big cuts in monthly payments”
to steer consumers into high‑rate bridge financing, rollovers or improperly swap
home mortgages into low‑rate inclusive business loans. The bureau urged
preventive measures to curb these practices and protect consumers.
