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.com】 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, launched a 6-month campaign to crack down on unlawful and criminal activities related to “black-and-gray industries” in the financial sector. Recently, the two departments launched a new round of campaign to crack down on unlawful and criminal activities related to “black-and-gray industries,” focusing on priorities 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 National Financial Regulatory Administration held a video conference to jointly plan and carry out the next round of crackdowns on unlawful and criminal activities related to “black-and-gray industries” in the financial sector. They will further rectify disorderly practices involving illegal financial intermediaries, resolutely safeguard financial management order, effectively protect the lawful rights and interests of financial consumers, and strive to provide high-level security to support the high-quality development of finance.