Mutual Financial Institutions, Constrained by Household Loan and PF Regulations, Diversify Revenue Through Insurance and Cards

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The mutual financial sector, facing difficulties in securing investment opportunities due to the government's tightening of household loan management and regulations on real estate project financing (PF), is accelerating the expansion of non-interest income businesses. They appear to be seeking to diversify their revenue structures by expanding their insurance and credit card businesses. According to financial industry sources on the 17th, mutua…