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China Banking and Insurance Regulatory Commission : Completely stop the establishment of new online micro-loan institutions
For some netizens’ messages on People’s Daily “Highly strengthen the management of online loan platform ”, the China Banking and Insurance Regulatory Commission recently replied that it will completely stop the establishment of new online micro-loan institutions; it will continue to improve the relevant regulatory system and promote the standardized operation of the online micro-loan industry.
China Banking and Insurance Regulatory Commission responded that it attaches great importance to standardizing the development of Internet loan business of commercial banks, and has successively issued the "Interim Measures for the Management of Internet Loans for Commercial Banks" "" "Notice of on Further Standardizing Internet Loans for Commercial Banks" and "Notice of on Strengthening the Management of Internet Loans for Commercial Banks and Improving the Quality and Efficiency of Financial Services", clarifying the principles of small and short-term Internet loans, setting limits for credit granting for consumer personal credit loans, preventing the rapid rise of residents' leverage ratio , and putting forward regulatory requirements in terms of capital use, loan payment, risk data and models, and consumer rights protection .
online loan, p2p online loan is the abbreviation of online loans, including individual online loans and commercial online loans. P2P online loan refers to direct loans between individuals through Internet platforms. It is a subclass in the Internet finance industry.
Online micro-loans refer to micro-loans provided by Internet companies to customers through micro-loan companies controlled by them. Online micro-loans should comply with the existing regulatory regulations of micro-loan companies, give full play to the advantages of online loans, and strive to reduce customer financing costs. Online lending business is supervised by the China Banking Regulatory Commission.
In recent years, the Internet industry has developed rapidly, giving birth to many emerging fields, and online lending has also emerged. As a means of lending, online lending platforms have the advantages of high borrowing efficiency and low borrowing costs. However, while helping many people relieve the pressure of using money, they also make many people fall into financial crisis.
Analysis of online loan financing
Recently, the financial statistics report of the first three quarters of 2022 released by the People's Bank of China showed that RMB loans increased by 18.08 trillion yuan in the first three quarters, an increase of 1.36 trillion yuan year-on-year.
According to Central Bank statistics, as of the end of September 2017, there were 8,610 micro-loan companies nationwide, with a loan balance of 970.4 billion yuan, an increase of 40.9 billion yuan in the first three quarters. During the same period, the ABS balance accounted for 22.7% of the loan balance of microfinance.
But ABS is mainly a market for giants, with Jiebei and Huabei, Xiaomi micro loans, SF Express micro loans, Baidu micro loans, etc. According to data from the Fund Industry Association, a total of 59 micro-loan debt securitization products were registered in the first half of the year, accounting for 45.38% of the total cumulative number of this type of product registration; the issuance scale was 112.242 billion yuan, accounting for 58.58%.
The financing cost of enterprises on mainstream P2P platforms is about 15% to 24%, while the financing cost of micro-loan companies is basically around 30%. Therefore, the cost of online loans is slightly lower.
China Post Consumer Finance was established in November 2015. It is a national financial institution initiated and established by 7 well-known Chinese and foreign companies including China Post Savings Bank . On November 24, 2021, China Post Consumer Finance issued a financing manual of 1.03 billion yuan.
Ant 's online lending company has been approved for financing of 20 billion yuan. Shanghai Stock Exchange corporate bond project information platform shows that multiple Huabei and Jiebei financing projects have been approved, and multiple projects are still being accepted.Among them, the " Guotai Junan Jiebei No. 4-12 Consumer Loan Asset Support Special Plan" with a planned issuance scale of 10 billion yuan has been approved, with the update time on November 23, and the acceptance time of the project is November 6, and the original beneficiary is Chongqing Ant Shangcheng Microfinance Co., Ltd.
In addition, the above two online micro-loan companies under Ant Group have three financing projects with a total of 26 billion yuan that have been accepted by the Shanghai Stock Exchange.
A few days ago, Xiaomi invested in the Internet lending platform Lihong Technology, which increased its capital to 71.4286 million yuan.
For more research and analysis of this industry, please refer to Zhiyanzhan Industry Research Institute "China's Internet Loan (Finance) Industry Competitive Landscape and Development Trend Forecast Report". At the same time, Zhiyanzhan Industry Research Institute also provides solutions such as industrial big data, industrial research, policy research, industrial chain consultation, industrial map, industrial planning, park planning, , industrial investment promotion, IPO investment and feasibility research, IPO business and technology writing, IPO working paper consultation and other solutions.
