Chongqing Bank Halts Meituan and JD Loan Products, Retains Only WeBank Risk-Sharing Model
Chongqing Bank has discontinued three online loan products—Meituan's 'Shenghuofei' and 'Shengyidai', and JD.com's 'Jintiao'—while retaining only WeBank's 'Weilidai' under a joint-funding, risk-sharing model. The move, a first among city commercial banks, shifts from pure co-lending where banks bear most credit risk to partnerships where both parties contribute capital. The adjustment comes as the bank's retail loan portfolio shrank 8.43% year-on-year to 88.55 billion yuan and its retail non-performing loan ratio rose to 3.32% by mid-2026. Analysts say the shift reflects industry-wide compliance with China's 2025 co-lending regulations and a trend toward risk-sharing mechanisms.
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Cross-source coverage
Common ground
- All sides agree the old model of banks funding loans while platforms took no risk was broken and needed reform.
- Everyone acknowledges the 30% capital requirement is a real regulatory change that forces platforms to share risk.
- All agree that WeBank's ability to meet new capital standards gives it a structural advantage over Meituan and JD.
- There is shared recognition that 103,000 complaints represent real human suffering, even if they disagree on what it means.
Points of contention
- Neutral Agent says Chongqing Bank is a distressed bank making a desperate bet, while Eastern Agent says it's executing smart regulatory reform.
- Eastern Agent argues complaint growth is just 'scaling pains' from adding new customers, but Neutral Agent says it shows worsening loan quality.
- Regional Agent says the real problem is why people need 21.6% loans at all, while others focus on bank strategy and regulation.
- Neutral Agent claims the joint-funding model creates perverse incentives to push more loans, while Eastern Agent says it forces better underwriting.
Blind spots
- No one fully addressed why working people in Chongqing need high-interest loans in the first place — the root cause of demand.
- The debate ignored whether the 30% capital rule actually improves borrower outcomes or just changes which institutions profit.
- All sides failed to examine if WeBank's complaint surge is due to bad loans or just poor customer service and collection practices.
- No one considered what happens if both WeBank and Chongqing Bank fail together under the concentrated risk model.
WorldAttention’s read
This debate shows that Chongqing Bank's move to drop Meituan and JD while doubling down on WeBank is neither a heroic reform nor a desperate gamble — it's a messy middle ground. The 30% capital rule is a real improvement that forces platforms to share risk, but it doesn't fix the core problem: borrowers still pay 21.6% interest, complaints are still rising, and the bank's own loan book is shrinking with a high default rate. All sides agree the old model was broken, but they disagree on whether the new model is progress or just a different kind of broken. The biggest blind spot is that no one asked why small vendors need these loans at all — until that's addressed, changing logos and paperwork won't change the human cost.
Reporting timeline
Chongqing Bank halts three online loan products, shifts to joint-venture model with risk sharing
Chongqing Bank has stopped offering three online loan products—Meituan's 'Shenghuofei', Meituan's 'Shengyidai', and JD.com's 'Jintiao'—according to an update on its official website. The only retained product, WeBank's 'Weilidai', is now classified as a 'joint-venture (non-co-lending)' model. Analysts interviewed by China Times interpret this as a strategic shift from pure co-lending (where banks provide all funds and platforms provide traffic) to a joint-venture model where both parties contribute capital and share risk. Su Shang Bank special researcher Xue Hongyan said the move signals that Chongqing Bank is not exiting cooperative lending entirely but is selectively pursuing risk-controllable partnerships, marking an industry transition toward tiered cooperation and risk-sharing mechanisms. Botong Consulting chief analyst Wang Pengbo noted that replicating this model is difficult for smaller banks due to multiple barriers, including finding qualified licensed partners with sufficient capital, meeting regulatory requirements for joint lending (partner minimum 30% contribution), and building independent risk-control capabilities. The article highlights that pure co-lending models often leave banks as passive capital providers, while joint-venture models align incentives and comply with new regulations requiring banks to maintain independent credit assessment and risk management. The shift is expected to concentrate funding toward top-tier platforms and squeeze smaller co-lending platforms that rely heavily on city commercial bank funding.
Read sourceChongqing Bank Halts Three Online Loan Products, Shifts Co-lending Model
Chongqing Bank has stopped distributing three online loan products—Meituan's 'Shenghuofei', Meituan's 'Shengyidai', and JD.com's 'Jintiao'—according to an update on its official website. The only retained product, WeBank's 'Weilidai', is now classified as a 'joint funding (non-co-lending)' model. Analysts interviewed by China Times interpret this as a strategic shift from pure co-lending (where banks provide funds and platforms provide traffic) to a risk-sharing joint funding model, where both parties contribute capital and share losses. Su Shang Bank researcher Xue Hongyan noted that this signals the industry is moving from simply terminating partnerships to selectively restructuring risk-sharing mechanisms. However, analysts warn that replicating this model is difficult for smaller banks due to high barriers: they must find qualified licensed partners willing to invest at least 30% of each loan, build independent risk control systems, and comply with regulatory concentration limits. The move is expected to concentrate capital among top platforms and squeeze smaller co-lending platforms that rely heavily on city commercial bank funding.
Read sourceChongqing Bank halts three online loan products, shifting from pure lending to risk-sharing partnerships
Chongqing Bank has updated its cooperative personal internet loan product list, discontinuing three products: Meituan 'Shenghuofei', Meituan 'Shengyidai', and JD 'Jintiao'. The bank is moving away from pure lending models where it provides all funds and platforms provide traffic, toward joint lending models where both parties contribute capital and share risk. Analyst Xue Hongyan from SuShang Bank said this signals the bank is not exiting cooperative lending but actively selecting risk-controllable partnerships. The industry is shifting from simply eliminating partners to restructuring risk-sharing mechanisms. Wang Pengbo from Botong Bank noted that many small and medium banks may struggle to replicate this model due to difficulty finding qualified partners with sufficient capital and licenses. The joint lending model requires partners to contribute at least 30% of loan capital per regulatory requirements, and banks must maintain independent risk assessment capabilities. The shift is expected to concentrate funding among large platforms like Meituan and JD that have their own lending licenses, while smaller platforms heavily reliant on city commercial bank funding will face greater pressure. The article cites regulatory requirements from the China Banking and Insurance Regulatory Commission mandating minimum partner capital contributions and concentration limits.
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Chongqing Bank Halts Three Assistance Loans, Retains Only Risk-Sharing Product
Chongqing Bank has updated its personal internet loan product list, marking three products—Meituan 'Shenghuofei', Meituan 'Shengyidai', and JD 'Jintiao'—as 'stopped distribution'. The only retained product is 'Weilidai', a joint-loan product with WeBank, explicitly labeled as 'co-investment (non-assistance loan)'. This marks the first time a city commercial bank has clearly distinguished between assistance loans and co-investment loans in its official disclosure, and stopped all assistance loan cooperation while retaining only risk-sharing products. The move comes as the first anniversary of China's 'Assistance Loan New Regulation' approaches, which requires banks to manage platform operators and credit enhancement service providers via a list system. Analyst Wang Pengbo from Botong Consulting noted that the new regulation and industry self-discipline norms are pushing the sector toward greater transparency and risk-sharing, with smaller platforms likely to exit. Chongqing Bank's decision is also linked to its retail asset quality pressure, as its retail loan non-performing rate rose to 3.32% by mid-2026.
Chongqing Bank Halts Three Online Loan Products, Retains Only Risk-Sharing Model
Chongqing Bank has updated its personal internet loan product list, marking three products—Meituan 'Shenghuofei', Meituan 'Shengyidai', and JD 'Jintiao'—as 'stopped distribution'. The only retained product is 'Weilidai', a joint-loan product with WeBank, explicitly labeled as 'co-investment (non-auxiliary loan)'. This move, seen as a first among city commercial banks, draws a clear line between auxiliary loan (zhudai) models, where the bank bears most credit risk, and co-investment models where risk is shared proportionally. The decision comes as the bank's retail loan portfolio shrinks 8.43% year-to-date and its retail non-performing loan ratio rises to 3.32%. The adjustment coincides with the upcoming first anniversary of China's 'Auxiliary Loan New Regulations' (effective October 2025), which mandate stricter management of internet loan partnerships. Analyst Wang Pengbo from Botong Consulting notes the industry is moving toward 'fine screening' and that non-compliant institutions will gradually exit, with the sector expected to stabilize after compliance rectification.
Chongqing Bank Halts Three Assistance Loans, Retains Only Risk-Sharing Product
Chongqing Bank has updated its personal internet loan product list, marking three products—Meituan 'Shenghuofei', Meituan 'Shengyidai', and JD 'Jintiao'—as 'stopped distribution', while retaining only 'Weilidai' (co-funded with WeBank) as a 'co-funded (non-assistance loan)' product. This move, seen as a first among city commercial banks, draws a clear line between assistance loans (where the bank bears most credit risk) and co-funded loans (where partners share risk proportionally). The bank's retail loan portfolio is under pressure, with retail loans shrinking 8.43% year-to-date and the retail non-performing loan ratio rising to 3.32%. The adjustment comes nearly one year after China's 'assistance loan new regulation' took effect in October 2025, which requires banks to manage platform operators and credit enhancement service providers via a list system. Analyst Wang Pengbo from Botong Consulting notes that the industry is moving toward 'fine screening' and that non-compliant institutions will gradually exit. Chongqing Bank's approach—stopping assistance loans while keeping co-funded ones—may be adopted by peers, but its ability to compensate for self-operated and customer acquisition shortcomings remains to be seen.
Chongqing Bank Halts Three Co-Lending Products, Retains Only Risk-Sharing Model
Chongqing Bank has updated its online personal loan product list, marking three products—Meituan 'Shenghuofei', Meituan 'Shengyidai', and JD 'JinTiao'—as 'stopped distribution'. The only retained product is 'WeiLiDai', a joint-loan model with WeBank, explicitly labeled as 'co-investment (non-co-lending)'. This move, seen as a first among city commercial banks, draws a clear line between co-lending (where the platform bears little credit risk) and joint-investment models (where risk is shared proportionally). The decision comes as the bank's retail loan portfolio shrinks 8.43% year-on-half to 88.55 billion yuan, with retail non-performing loans rising to 3.32%. Analyst Wang Pengbo from Botong Consulting notes that the broader co-lending industry is undergoing a 'fine screening' process, with resources concentrating on top platforms. The adjustment coincides with the upcoming one-year anniversary of China's 'Co-Lending New Regulations', which mandate banks to manage platform operators and credit enhancement service providers through a list system. Chongqing Bank's approach of retaining risk-sharing models while exiting pure co-lending may be adopted by other banks, though its long-term impact on self-operated and customer acquisition capabilities remains to be seen.
Chongqing Bank Retains WeBank's Weilidai as Only Online Consumer Loan Product
Chongqing Bank has discontinued three personal internet loan products—Meituan 'Shenghuofei', Meituan 'Shengyidai', and JD.com 'Jintiao'—while retaining only the 'Weilidai' product from WeBank, according to its latest personal internet loan product information table. The partnership with WeBank dates back to 2015, when the two banks signed a strategic cooperation agreement. Unlike typical loan facilitation models, the cooperation involves joint funding and risk-sharing, with both banks independently conducting risk control. The article notes that Weilidai has a lower maximum interest rate (21.6%) and longer maximum loan term (50 months) compared to Meituan's products (24% and 36 months). The decision comes as Chongqing Bank faces pressure in its retail banking business: as of June 30, 2026, its retail loan principal fell 8.43% year-on-year to 885.54 billion yuan, while the retail loan non-performing loan ratio rose to 3.32%. The analysis suggests the bank prioritizes risk control over scale growth, viewing WeBank as a stable partner despite WeBank's high complaint volume of 103,300 in 2025, mainly related to Weilidai and Weiyedai products.
Read sourceChongqing Bank Retains WeBank's WeLidai, Drops Meituan and JD Products
Chongqing Bank has discontinued three personal internet loan products—Meituan's 'Shenghuofei' and 'Shengyidai', and JD's 'Jintiao'—while retaining only WeBank's 'WeLidai' (微粒贷) product, according to its latest personal internet loan product information table. The bank's partnership with WeBank dates back to 2015, when they signed a strategic cooperation agreement. Unlike typical loan facilitation models, the two banks jointly fund loans and share risks, with each handling its own portion of lending, interest invoicing, dispute resolution, and collections. The article notes that WeLidai has a lower maximum interest rate (21.6%) and longer maximum loan term (50 months) compared to Meituan's products (24% and 36 months). The decision comes as Chongqing Bank faces retail loan portfolio pressure: as of June 30, 2026, its retail loan principal fell 8.43% year-on-year to 885.54 billion yuan, while the non-performing loan ratio for retail loans rose to 3.32%. The bank's reliance on WeBank is attributed to WeBank's large customer base of over 440 million individuals and 3.7 trillion yuan in assets under management, though WeBank received 103,300 complaints in 2025, mainly about WeLidai and Weiyedai products.
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