This article only represents the author's own views.
作者梁武仁，本文仅代表作者个人观点
China’s private fintech lenders and loan facilitators have had a tough run for the last six or seven years, coming under near-nonstop pressure from growing regulatory scrutiny over that time. But just when it seemed like many were adjusting, the group is quickly learning that things can get even worse.
过去六、七年来，中国民营金融科技贷款机构及助贷平台的日子并不好过，期间监管审查日益严格，压力几乎从未间断。然而，就在许多从业者似乎逐渐适应之际，这个行业很快便发现，情况还可以变得更糟。
The latest financial results from Qifin Holdings Inc. (QFIN.US; 3660.HK), formerly known as 360 DigiTech and Qifu, serve as a fresh reminder of this predicament for the rapidly contracting sector. Challenges for the group, most of them loan facilitators between banks and borrowers, are multifaceted. Following two high-profile scandals this year, they are facing a liquidity squeeze as banks pull back from providing capital for them. At the same time, the regulatory scrutiny just keeps growing, a familiar theme for them.
前称“360数科”的奇富科技股份有限公司（QFIN.US；3660.HK）公布最新财务业绩，再次反映这个快速萎缩的行业所面临的困境。这些企业大多在银行与借款人之间提供助贷服务，面对的挑战来自多个方面。今年发生两宗备受关注的丑闻后，银行开始减少向它们提供资金，令从业者面临流动性紧缩。与此同时，它们所熟悉的监管压力仍在不断加大。