A new round of crackdown on financial "black and gray" industries has begun, including illegal online lending platforms and loan assistance organizations(with video)

【Caixin Net】 In recent years, consumer disputes in the financial sector have occurred frequently, illegal intermediary misconduct has proliferated, and a complete black-and-gray industry chain has emerged. From June to November 2025, the Ministry of Public Security, together with the National Financial Regulatory Administration, carried out a 6-month campaign to crack down on clusters of illegal and criminal activities related to “black-and-gray industries” in the financial sector. Recently, the two departments launched a new round of crackdown on clusters of illegal and criminal activities related to “black-and-gray industries,” with a focus on areas that have changed compared with the previous round.

On April 2, 2026, the Economic Crime Investigation Bureau of the Ministry of Public Security and the Enforcement Bureau of the State Financial Supervision and Administration held a video conference to jointly deploy a new round of crackdowns on clusters of illegal and criminal activities related to “black-and-gray industries” in the financial sector. This will further rectify disorderly practices by illegal financial intermediaries, firmly safeguard financial regulatory order, effectively protect the legitimate rights and interests of financial consumers, and strive to support high-quality financial development with high-level security.