The hottest financial institutions are vigilant ag

2022-07-23
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Financial institutions are more alert to P2P platforms

21 people involved in the "e-rent treasure" platform have recently been approved by the Beijing procuratorial organ for arrest. Within one and a half years, the platform illegally absorbed more than 50 billion yuan of funds, and the injured investors spread across 31 provinces and cities in China. The "e-rent treasure" incident has made the development of the Internet financial industry more uneven. The 21 people involved in the e-rent platform were recently arrested with the approval of the Beijing procuratorial organ. Within one and a half years, the platform illegally absorbed more than 50 billion yuan of funds, and the injured investors spread across 31 provinces and cities in China. The e-rent event has made the development of the Internet financial industry more uneven

a person from a large third-party payment company disclosed that at present, banks are tightening their support for P2P platforms, and financial institutions are strengthening their risk prevention for P2P models

the bank closed the channel

on February 3, Xinrong Wealth Investment Management Co., Ltd. (hereinafter referred to as Xinrong wealth) announced that the payment interface of China Merchants Bank would be upgraded and adjusted after receiving the notice from the third-party payment company. Since february5,2016, the China Merchants Bank recharge channel (including related payment and non bank payment) of Xinrong wealth will be temporarily closed. The recharge study puts forward policies and measures to suggest that the closing of the channel will not affect the normal withdrawal of users. The card users of China Merchants Bank are requested to choose other bank cards when recharging, and the recovery time will be notified

on January 29, Xinrong wealth announced that the recharge channel of Agricultural Bank of China was suspended

at present, we have not received any notice from the third party payment or the bank, and there are many different explanations for the bank to reduce the shrinkage rate of modified materials at the same time. We will consult the bank and the third party payment. Another P2P platform related person told China Securities Journal

according to the analysis of a third-party payment company, the bank's practice is to transfer the risk to the third-party payment company, but it has no significant impact on the P2P industry for the time being. In addition, CMB only stopped the direct recharge payment business of the bank to the P2P platform, but did not stop the recharge business of the P2P platform through the third-party platform

up to now, a number of third-party payment platforms, such as Yibao payment, guofubao, huanxun payment and Tonglian payment, have responded to lender home that they have not received the relevant notice from China Merchants Bank

a person from a loan platform in Beijing said that after the e-rent treasure incident was exposed, it had a great impact on the industry, and everyone was busy increasing credit. Although the listing of Yiren loan was hasty and premature, the investors bought it

however, a person from a large third-party payment company disclosed that the bank is tightening its support for P2P platforms. The whole environment is the risk prevention of P2P mode by banks and other financial institutions caused by risk events

Zhang Jun, CEO of paipaipai loan, predicts that the number of failed platforms will increase significantly in 2016, and the number of P2P platforms will shrink to less than 200 within five years; At the same time, P2P platforms will face challenges from traditional financial institutions. With the help of Internet tools, many traditional financial institutions keep pace with the times and sink their businesses. Financial services can be multiple and diversified, but there are not many winners. Those who can survive under internal and external pressure will be the king

however, the relevant person in charge of fast money said that P2P is only a small part of Internet finance. The problem with e-rent treasure does not mean that the entire Internet financial industry has a problem

1351 problem platforms in total

according to the data from loan home, as of the end of January 2016, there were 2566 normal operation platforms in the loan industry, a month on month decrease of 1.12%. The number of new online platforms has declined due to the introduction of the draft regulatory rules, the approaching Spring Festival holiday, and restrictions on the registration of Internet financial companies in many places. At the same time, the number of problematic platforms was high in January, which fell again slightly after the decline of normal operating platforms last month. In January, 59 new platforms were launched, and 88 new problem platforms were added. By the end of January 2016, the cumulative number of problematic platforms had reached 1351, and the cumulative number of platforms in the P2P loan industry had reached 3917 (including problematic platforms)

specifically, the number of problem platforms in January was 88, down to a certain extent from 106 in December 2015, mainly concentrated in Shandong, Guangdong and Shanghai, with more than 10, accounting for 53.41% of the number of problem platforms in China, of which the number of problem platforms in Shandong reached 23. In January, 10 of the 29 provinces and cities (excluding Hong Kong, Macao and Taiwan) that entered the statistics did not have problem platforms, which is exactly the same as that in December 2015

in January 2016, the number of investors involved in the problem platform was about 17000, accounting for only 0.6% of the number of investors in January. The loan balance involved was about 420million yuan, accounting for only 0.1% of the industry loan balance at the end of January. The performance was stable and reliable. From this set of data, we can find that the amount and number of people involved in the problem platform account for a small proportion of the industry, indicating that the industry is in a relatively healthy state of development

1 the types of problem platforms in January were mainly composed of running type, closing type and cash withdrawal difficulty type, which reached 61.36%, 21.59% and 15.91% respectively, accounting for 98.86% in total. More than 60% of the number of running platforms is inseparable from the introduction of the draft of regulatory rules for the loan industry at the end of December 2015. Some pure fraud platforms and platforms with nonstandard operations choose to run faster, while some platforms that do not meet the regulatory requirements give up rectification and transformation and directly choose to close down. Most of the platforms with cash withdrawal difficulties cannot repay the investment principal and interest in the case of broken capital chain due to poor operation, self financing and other reasons

regulation will be tightened

Waco finance believes that the e-rent treasure incident has sounded the alarm of risk prevention. It will be a great challenge for Internet financial service institutions to maintain a balance between investors' increasingly rational investment preferences and gradually upgraded regulatory requirements

from the operational point of view, most of the operating institutions have operated for a short time, and there is not enough historical data to accurately analyze the credit status of investors, resulting in a large number of defaults; In addition, it has developed rapidly, the level of employees is uneven, and the platform operation risk is prominent. At the same time, moral hazard is prominent. When selling financial products, most of the practitioners often blur the product name and do not explain the relevant information. Most of the financial products provided by e-rent are financial lease debt transfer. The details of the asset object are not fully disclosed in the description of the product object, and only attract investors with a high rate of return

according to the guiding opinions on promoting the healthy development of Internet finance, the Interim Measures for the management of business activities of Internet lending information intermediaries and the Interim Measures for the supervision of Internet insurance business, the regulatory authorities clearly require full disclosure of information. Based on this, in the future, whether online or offline, it may be required to indicate the financial attributes of products, such as deposits, loans, funds, bonds, stocks, collective investment plans, asset management product plans, options and stock index futures. With the increase of investors' familiarity with such markets and the strengthening of investor protection measures by regulators, investors will gradually become more rational. For the institutions engaged in the industry, higher requirements are put forward for product development, internal control management, marketing, talent reserve, etc. The market will return to the ecological chain from bad money driving out good money to good money driving out bad money. The return on investment may slowly decrease and return to the normal level

the past P2P, online payment, crowdfunding, micro lending, monetary fund wealth management products have changed the existing service mode and transaction mode. Although their financial nature has not changed, with the combination of banks' demand for active debt growth and Internet finance, coupled with the natural disintermediation attribute of Internet finance, the emergence of Internet finance has formed a multi-level capital market, which has made supervision more difficult. For regulators, how to effectively and timely deal with not simple troubleshooting: breaking the emergence of innovative products will be a challenge. At the peak of P2P development, a large number of trust funds flowed into P2P platforms, the financing leverage was amplified, and the degree of risk mismatch and term mismatch deepened. Similar innovative products will still appear in the future. Regulators may strengthen window guidance on platform operation and set relevant regulations to prevent similar risk events

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