Credit card interest rates are outrageously high, but simply setting an interest rate cap doesn't solve the problem at all.

The real root cause lies here: the credit market is monopolized by a few institutions, and competition is severely lacking. Each bank operates independently, leaving users with no choice.

What's the way out? Break down this wall. Build a more open and transparent lending market, allowing any qualified lender to participate in competition. Once competition is activated, customers will have real bargaining power—the interest rates will naturally become reasonable. This is how the market should look.