Published Journal of Money, Credit and Banking Online 25 Jan 2025 Published Dec 2025Outsourcing bank loan screening: The economics of third-party loan guaranteesChenyu Shan · Dragon Yongjun Tang · Wenya WangThird-party loan guarantees—in which a fee-charging guarantor formally guarantees a bank loan and conducts its own due diligence on the borrower—are present in approximately 10% of Chinese bank loans …