The online loan platform filing boots have not been put on the ground. The P2P company in Chongqing has been suffering. On April 4th, Chongqing Financial Office just issued the “Chongqing P2P Network Lending Risk Special Rectification and Reconstruction Acceptance Work Implementation Plan” (hereinafter referred to as “ The plan "), 6 days later, on April 10, the regulatory authorities issued an urgent notice to request the local authorities to suspend the registration rules for the online loan filing (the text and the draft for comments).
However, a mutual gold industry insider in Chongqing told the China Business Journal that “the media’s interpretation of the suspension of the online loan registration registration rules and related interpretations is not accurate. In fact, this regulation of the regulatory authorities is mainly aimed at the undocumented The already documented should be unaffected. From the attitude and tone of the recent Chongqing regulatory authorities, Chongqing’s regulatory policies should continue as usual."
According to the specific rectification and filing schedule of the “No. 57 Document” issued in December last year, before the end of April this year, all localities must complete the registration and registration of major online lending institutions, and all must be completed by the end of June. At present, the deadline for June is near, and the rectification and rectification work of online lending platforms across the country is actively being promoted. The filings for mutual mortgage loans have been postponed even in various parts of the country, and it is reported that Chongqing has issued one of the most stringent filing requirements. - Waiting for the zero to be filed.
National suspension of record is misread
The above-mentioned mutual gold industry insiders told reporters that "Chongqing's pending zeroing can only be filed. The policy that Chongqing has introduced on April 4 is relatively strict, and in addition to Chongqing, the policies of the other three municipalities in the country are also compared. Strictly, at present, not only us, but many large-scale high-quality platforms have already prepared for the preparatory work in the early stage, but they are not willing to submit the materials first and become the target of the public. Recently, the financial supervision departments of various districts in Chongqing have met for each jurisdiction. Preparations for the collection of online lending platforms have also given specific timetables, some on April 20 and some on April 30."
On the evening of April 4, 2018, the Chongqing Financial Office issued a plan. The plan includes "Guidelines for the preparation of legal opinions on the compliance of P2P online lending institutions", "Guidelines for the preparation of special audit reports for P2P online lending institutions", "P2P online lending institutions rectification acceptance application and materials submission guidelines" "Chongqing P2P Network Four documents on the Guidelines for the Rehabilitation and Acceptance of Lending Institutions (hereinafter referred to as the “Guidelines”).
The program puts forward requirements for the special rectification and rectification of P2P network lending risk in Chongqing from six aspects, including the target principle, working mechanism, rectification and acceptance criteria, rectification and acceptance process, classification policy and schedule. All districts (counties) and member units are required to do a good job of rectification and acceptance and institutional filing. In principle, they require “qualified ones, one for the record”, and the institutions that have not completed the rectification in strict accordance with the requirements of the rectification notice, such as the scale of control and compression business is not completed. If the balance of the loan does not fall and the business model rectification fails to meet the requirements of the standard, it will not be filed.
According to the plan, before the end of April 2018, the main P2P online lending institutions under the jurisdiction of Chongqing completed the rectification and acceptance and filed for the filing; for some P2P online lending institutions that have more illegal stocks and are difficult to complete in time, they should be completed by the end of May 2018. Disposal and divestiture of the corresponding business shall be filed; for individual institutions that are extremely difficult and extremely complicated, the relevant work shall be completed no later than June 30, 2018, after the approval of the Municipal Remediation Office.
According to statistics, a total of 35 P2P platforms registered in Chongqing, of which completedbankThe platform for depository management is: Jinbaobao (Chongqing Rural Commercial Bank,Bank of China), Money Network (Fuji Bank), Bei Bili (Fumin Bank), Haihui Loan (Hengfeng Bank), Caiyuan Network (Fumin Bank), Wenchuanghui (Zheshang Bank), Loan and Loan Xinglong (Zheshang Bank), Double Win Finance (Fumin Bank), Golden Investment Association (Fumin Bank), Huijin Investment (Fumin Bank), Pinglian Loan (Huaxing Bank) and Lulu Loan (Fumin Bank) Waiting for 12 homes. According to the local banks, the above-mentioned FX Bank, Zheshang Bank, Huaxing Bank and Evergrowing Bank are not in the banking financial institutions, which are not in compliance with the regulations, that is, up to seven P2P depositors are in compliance, respectively, Jinbao Bao, Bai Bili, Caiyuan.com, Double Win Finance, Gold Investment Club, Huijintou and Lulu.
Chongqing left one or two
Yu Baicheng, Dean of the Online Loan House Research Institute, said in an interview with the reporter of China Business News that “because there is no specific official document, the current oral news is that the regulator has requested that all localities suspend the registration rules for online loan registration, but The rectification and acceptance will continue. From this analysis, it may be possible to adjust the registration rules of various places, such as the unification of rules to prevent arbitrage in different local rules. The online lending industry in Chongqing itself is relatively small, and the number of platforms currently viewed is 36. Chongqing has just issued a plan, which contains four documents, with a focus on rectification and acceptance, and the filing rules are different. Because the relevant regulatory opinions are relatively clear, the companies that finally pass the record are those that are positively reformed and the compliance level is up to standard. the company."
In the above-mentioned mutual gold industry insiders told reporters, "According to the current situation, at present, there are at most one or two network lending platforms in Chongqing. At least one of them is in the background of state-owned assets. Even the last two companies may merge into one. In addition to the remaining, other platforms rely on shareholders to solve, 'who is the child who takes home.' The record rules should not be across the board, and will not all take back the authority. After the first two or two records in Chongqing, they may observe first. And follow-up adjustments based on actual conditions."
A related person from a network loan platform in Chengdu told the China Business News: "Before listening to the legend in the industry, Chongqing has to wait for zero to be able to file a record. Most platforms may not be able to pass this level." According to the reporter, the above may remain. One of the seven platforms underneath is docking with a private equity firm to negotiate a resale license.
The reporter called the Chongqing Financial Office to interview and ask for relevant matters. The relevant person told the reporter, "It is not convenient for the media to interview this."
However, Bai Bai said: "At present, from the national perspective, most of the platforms have been deposited on the bank, but there are not many platforms that satisfy the localization of depository management. Some requirements are to meet the localization requirements during the rectification and acceptance. It is also required to go online to save the pipeline but it can be rectified after filing. The requirement of Chongqing is to complete the localization of depository management when filing the application. This requires the platform that is not in conformity to be rectified. Which specific platforms can pass the acceptance, it is currently speculation. It has not yet entered the substantive acceptance phase."