「良性清退」是理财和网贷平台暴雷之后的体面说法：钱兑不出来，换个词叫有序退出，再分几年按折扣慢慢还。这里记录这些清退方案怎么公布、怎么一拖再拖，投资人最后拿回了多少。
According to a Sound of Hope report, Tang Ning, a figure in China's financial circle and founder of CreditEase, has been arrested. CreditEase made a late-night announcement declaring insolvency, causing 30 billion yuan in funds to evaporate and leaving 100,000 middle-class families with total losses.
On October 12, Beijing's Chaoyang police announced that a company related to Yixin had been placed under criminal investigation, that actual controller Tang and Zhao and others had been subjected to criminal coercive measures, and that investors were asked to report to the police and register; the specific charges, the amount involved, and the number of people have not yet been disclosed.
On October 11, CreditEase sent an apology letter to investors in fixed-income-like products, acknowledging that the products were in substantive default. It stated that redemptions had been completely suspended since May 22, that preliminary financial due diligence found the company may be insolvent with a large debt repayment gap, and that market-based disposal efforts had yielded no results.
According to a Bloomberg report on October 5, as of the time of the report about 256 public funds had been liquidated this year, with another 46 warning of possible termination; the full-year number of liquidations may exceed 300, the most since 2018.
The Financial Times reported on October 4, citing data from the National Financial Regulatory Administration, that more than 670 banking institutions in China failed in 2025, almost all of them located in rural areas; statistics from Fitch show that the number of banking institutions has fallen to 3,139, a 23% decrease over four years, with small banks suffering from poor asset quality and insufficient capital, while the property downturn and deflation squeeze profits.
According to a Bloomberg report on September 28, China's banking sector is accelerating the bulk sale of non-performing personal loans such as credit card debt and consumer loans. In the first eight months of this year, over 1,000 asset packages were listed, with outstanding balances exceeding 275 billion yuan, and some deals were priced as low as 1% of face value.
On September 15, The Wall Street Journal published an article pointing out that while China can avoid a sudden financial crisis through its state-controlled financial system, the losses from real estate and bank bad loans will not disappear. Economist Michael Pettis believes that the losses will be borne by ordinary residents in the long run through low deposit returns and shrinking asset values, rather than manifesting in public forms such as bank failures.
An online screenshot shows that Jiangsu Bank said the loan business it acts as an agent for in cooperation with Ctrip has been suspended, and notified customers that large withdrawals are restricted, with small withdrawals limited to no more than 500 yuan per day and no more than 4 times per month, the restrictions lasting until September 1, 2028.
In September 2026, according to a blogger's friend, a credit business in a Pudong, Shanghai bank is seeing a continuous rise in bad loan rates due to unstable customer income and deteriorating business operations. Extremely strict approval standards have led to almost zero performance, leaving loan officers with only the minimum basic wage and facing the dilemma of forced resignation.
In Q2 2026, the net interest margin of commercial banks fell to 1.25%, with the margins of the four major banks — ICBC, ABC, BOC and CCB — ranging between 1.23% and 1.29%, and the posted one-year deposit rate already cut to 0.95%.
Since 2026, more than 400 village and town banks have exited, in addition to 312 high-risk institutions flagged in red by the central bank's financial stability department, involving assets of 9.4 trillion yuan, concentrated in rural small and medium-sized banks such as rural commercial banks.
According to the video, in Q1 2026 the net interest margin of China's major state-owned banks dropped to about 1.25%, hitting a historic low; as a result, the big banks withdrew from taking over village and town banks, and the acquirers became rural commercial banks at the prefectural-city level.
A message circulating on social media claims that a Ctrip blow-up left 170 million depositors unable to withdraw their money, involving 320 billion yuan and implicating 11 banks, and that it may eventually affect 40 banks and tens of thousands of branches.
On August 13, 2026, foreign media reported that Anhui Guohou Asset, a Chinese local distressed-asset disposal firm, was formally ruled by a court to enter bankruptcy reorganization after being unable to repay massive debts of about 13 billion yuan.
As of the first half of 2026, 140 rural small and medium-sized banks in China have been dissolved; previously, 83 and 226 banks were dissolved in 2024 and 2025 respectively.