The Shenzhen Financial Supervisory Authority organized a press conference for the first half of 2026 on July 29. On behalf of the Shenzhen Banking Association, the Shenzhen branch of China Merchants Bank explained the situation relating to the banking industry's deepening rectification of disorderly competition in the first half of the year, saying that the association fixed the goal of stabilizing net interest spreads, focused on key areas such as high-interest savings and hidden loan rebates, and deepened the rectification of disorderly competition in an orderly manner through “setting standards, strong monitoring, and severe punishment.” According to reports, the Association has refined and perfected a number of self-regulatory conventions such as anti-disorderly competition in the Shenzhen banking industry, inclusive finance, auto finance, and cooperation between financial institutions and third party institutions, and clearly prohibit provisions, and focus on typical issues such as “high interest rates and high returns” in auto finance and illegal rebates on housing mortgage loans, keeping an eye on key institutions, and promptly interviewing, reporting, and handing over problem clues to offending institutions. Currently, phenomena such as high interest rates and high returns and illegal rebates in the Shenzhen banking industry have been effectively curbed. Businesses such as auto finance and housing mortgage loans have gradually returned to a healthy competitive pattern, and the net interest spreads in the banking sector under its jurisdiction have shown a steady, moderate and positive trend.

The Shenzhen Financial Supervisory Authority organized a press conference for the first half of 2026 on July 29. On behalf of the Shenzhen Banking Association, the Shenzhen branch of China Merchants Bank explained the situation relating to the banking industry's deepening rectification of disorderly competition in the first half of the year, saying that the association fixed the goal of stabilizing net interest spreads, focused on key areas such as high-interest savings and hidden loan rebates, and deepened the rectification of disorderly competition in an orderly manner through “setting standards, strong monitoring, and severe punishment.” According to reports, the Association has refined and perfected various self-regulatory conventions in the Shenzhen banking industry, such as anti-disorderly competition, inclusive finance, auto finance, and cooperation between financial institutions and third party institutions, and clearly prohibit provisions, and focus on typical issues such as “high interest rates and high returns” in auto finance and illegal rebates on housing mortgage loans, keeping a close eye on key institutions, and promptly interviewing, reporting, and handing over problem clues to offending institutions. Currently, phenomena such as high interest rates and high returns and illegal rebates in the Shenzhen banking industry have been effectively curbed. Businesses such as auto finance and housing mortgage loans have gradually returned to a healthy competitive pattern, and the net interest spreads in the banking sector under its jurisdiction have shown a steady, moderate and positive trend.