Weekly Banking Summary (March 13—March 20)

Finance Web × Enterprise Warning App

◆Regulatory Voice

The State Administration of Financial Supervision and the People’s Bank of China Issue the “Regulations on Clear Disclosure of Comprehensive Financing Costs for Personal Loan Business”

On March 15, the State Administration of Financial Supervision and the People’s Bank of China released the “Regulations on Clear Disclosure of Comprehensive Financing Costs for Personal Loan Business,” requiring lenders to present borrowers with a clear disclosure table of comprehensive financing costs, making the interest and fee costs of personal loans transparent and open.

The State Administration of Financial Supervision Issues the “Interim Measures for the Supervision and Rating of Wealth Management Companies”

Recently, the State Administration of Financial Supervision issued the “Interim Measures for the Supervision and Rating of Wealth Management Companies.” The regulation states that the supervision and rating factors include corporate governance, asset management capability, risk management, information disclosure, investor rights protection, and information technology, consisting of both qualitative and quantitative rating indicators. The ratings are divided into levels 1–6 and S level, with higher scores indicating greater risk and requiring increased regulatory attention. A score of 90 points or above is level 1; 80–89 points is level 2; 70–79 points is level 3; 60–69 points is level 4; 50–59 points is level 5; below 50 points is level 6. Wealth management companies rated at levels 5 or 6 are considered high-risk. Companies undergoing restructuring, takeover, or market exit, as recognized by the State Administration of Financial Supervision and its dispatched agencies, are directly classified as S level and are not subject to that year’s regulatory rating.

◆Industry Focus

Banks Launch “Dynamic Quotas” for Savings Gold, Short-term Traders Face Buying Difficulties

Recently, due to high fluctuations in international gold prices and increased market risks, several domestic commercial banks (such as ICBC, CCB, Zheshang Bank, etc.) have intensively adjusted their online savings gold business rules. The core change is shifting from the traditional “raising minimum purchase thresholds” to a more timely and rigid “daily dynamic trading quota” mechanism—once the quota is exhausted, purchases cannot be made that day, but selling and gold withdrawal are unaffected. Some banks have also extended physical gold delivery times to 10–15 working days.

Cautiously Use the “Lobster” Smart Agent; Multiple Banks Receive Regulatory Alerts

As OpenClaw (also known as “Lobster”) continues to gain popularity, its security issues have attracted attention. On March 15, the China Internet Finance Association issued a risk alert regarding the security of OpenClaw applications in the internet finance industry. Multiple institutions have reported receiving relevant risk notices from regulators. Additionally, some banks have conducted internal self-inspections and issued reminders about related risks, maintaining a cautious stance toward OpenClaw. Several experts interviewed stated that OpenClaw is currently not suitable for enterprise service markets with high security and compliance requirements, and large-scale adoption in core financial operations is unlikely in the short term.

◆Company Updates

Gansu Rural Commercial Bank Approved to Open, Registered Capital of 44.919 Billion Yuan

On March 20, the Gansu Regulatory Bureau of the State Administration of Financial Supervision approved the opening of Gansu Rural Commercial Bank Co., Ltd. and its branches, which will be supervised locally by the dispatched agency of the State Administration. The approval confirms the Chinese name as Gansu Rural Commercial Bank, with a registered capital of 44.919 billion yuan.

◆Financial Personnel

Zijin Bank: Appoints Que Zhenghe as Director and President

Zijin Bank announced that it recently received approval from the Jiangsu Regulatory Bureau of the State Administration of Financial Supervision, confirming Que Zhenghe’s appointment as director and president of the bank.

Bank of Communications Wealth Management: Xu Tie Appointed as President

On March 16, Bank of Communications Wealth Management announced that, with approval from the State Administration of Financial Supervision (Document No. Jinfu [2026] 123), Xu Tie has been appointed as President of Bank of Communications Wealth Management Co., Ltd.

(Edited by: Qian Xiaorui)

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