On September 14, the official website of the former China Association of Microfinance Companies published the “Notice of the China Microfinance Industry Association on the Change of Name”. According to the “Notice”, in accordance with the work guidance requirements of the State Administration of Financial Supervision, with the approval of the Ministry of Civil Affairs, the China Microfinance Companies Association changed its name to the China Microfinance Industry Association in August 2026, and included the four types of local financial organizations such as microfinance companies, pawnbrokers, commercial factoring companies, and local asset management companies in the scope of membership services. The Microfinance Industry Association stated in the “Notice” that it will use this name change as an opportunity to further consolidate its work foundation, strengthen responsibility, better play the role of “self-discipline, rights protection, service and coordination”, improve the level of accurate service for member classification and classification, effectively carry out auxiliary supervision functions, and make every effort to serve the steady development of the industry.

On September 14, the official website of the former China Association of Microfinance Companies published the “Notice of the China Microfinance Industry Association on the Change of Name”. According to the “Notice”, in accordance with the work guidance requirements of the State Administration of Financial Supervision, with the approval of the Ministry of Civil Affairs, the China Microfinance Companies Association changed its name to the China Microfinance Industry Association in August 2026, and included the four types of local financial organizations such as microfinance companies, pawnbrokers, commercial factoring companies, and local asset management companies in the scope of membership services. The Microfinance Industry Association stated in the “Notice” that it will use this name change as an opportunity to further consolidate its work foundation, strengthen responsibility, better play the role of “self-discipline, rights protection, service and coordination”, improve the level of accurate service for member classification and classification, effectively carry out auxiliary supervision functions, and make every effort to serve the steady development of the industry.