straight to the point. There is an online lending platform in Shenzhen, which is particularly low-key, called "Shandong Expressway Financial Services" (the company name is "Shenzhen Qianlai.com Financial Information Services Co., Ltd."). At first glance, many people may have the first reaction to it, how can online lending platforms be related to highways?
public information shows that on March 26, 2018, China Shandong Expressway Financial Group Co., Ltd. (00412.HK, hereinafter referred to as "Shangao Finance"), a wholly-owned large enterprise group Shandong Expressway Group , and a listed company on the main board of the Hong Kong Stock Exchange, issued an announcement stating that the subscription of 60% of the shares of "Kunpeng International Co., Ltd." (hereinafter referred to as "Kunpeng"), the actual controller of the Shandong Expressway Financial Service Platform, has officially completed the delivery. So far, Shandong Expressway Financial has held 60% of the shares through its wholly-owned subsidiary Coastal SilkLimited.
Through this equity change, Shandong Expressway Financial Services officially transformed into a dual background platform of "state-owned assets + listed companies", which is also the origin of its name.
In fact, this is not the first time this platform has been favored like this.
Shandong Expressway Financial Services was launched in 2013 and is one of the oldest platforms in Shenzhen. As early as early as the beginning of 2015, it received a round A strategic capital increase of tens of millions of dollars in just two years of its establishment, led by Huake Venture Capital Fund. Public information also shows that Huake Venture Capital Fund was established in 2013. It is an innovation guidance fund initiated by the Innovation Fund Management Center of the Ministry of Science and Technology and other departments. It is also the first professionally managed science and technology investment fund in Jinan City with government participation.
That is to say, Shandong Expressway Financial Services was "seen with different eyes" by the Ministry of Science and Technology and the Jinan Municipal Government a few years ago when it was named "Qianlai.com".
So, what is the charm behind it?
This may have something to do with its team.
According to public information, its executive team is "luxury" - they are all from traditional financial institutions, and have 20 years of financial experience, with a deep understanding of financial risk management and rich practical experience.
, such as its founder and chairman Hua Meng , is a doctor of , a postdoctoral fellow at the Institute of Finance and Economics of the Chinese Academy of Social Sciences, and a postdoctoral fellow and associate researcher in core journals. He has served as senior management personnel at China Everbright Bank, Hualin Securities , and Wugang Securities , with nearly 20 years of experience in the financial industry; for example, its chief risk officer Jiang Yuze, a bachelor's degree in economics at Sun Yat-sen University, a Ph.D. in finance from Queen's University of Canada, and has more than 15 years of experience in the financial consulting and banking industry in China and the United States, focusing on retail banking risk management and consumer finance full life cycle management. He has worked for SAS Software (China) as chief consultant for big data business intelligence and risk management, Capgemini management consulting (China), and Citibank headquarters (New York) as senior risk analyst.
The brilliant resumes of these executives not only put a unique halo for the platform since its birth, but also gave the platform a deeper thinking on the concept of product design and risk control, and had an absolute awe of risks.
For example, since its establishment, Shandong Expressway Financial Services has chosen to focus on housing mortgage financing services for small and micro enterprises and residents in China, focusing on solving the housing mortgage financing needs of Chinese customers in production and life, and meeting customers' "urgent money", "common money" and other financial needs around housing. This positioning is mainly due to a preference for low asset risks.
Qian said Jin Yu mentioned in previous article that a platform focusing on the mortgage loan business will be more secure than other platforms in the industry. Because houses are the spear of China's financial products, in addition to their residential attributes, they also have strong financial attributes and other added value.
Therefore, when the online lending industry first became popular, such assets were very popular, and various platforms mainly based on mortgage loans emerged like mushrooms after a rain. But later, with the industry's "on-night hit", under the impact of emerging businesses such as "campus loans" and "cash loans" that make money quickly, many platforms have transformed and no longer regard mortgage loans as one of the main businesses of the platform.
straight to the point. There is an online lending platform in Shenzhen, which is particularly low-key, called "Shandong Expressway Financial Services" (the company name is "Shenzhen Qianlai.com Financial Information Services Co., Ltd."). At first glance, many people may have the first reaction to it, how can online lending platforms be related to highways?
public information shows that on March 26, 2018, China Shandong Expressway Financial Group Co., Ltd. (00412.HK, hereinafter referred to as "Shangao Finance"), a wholly-owned large enterprise group Shandong Expressway Group , and a listed company on the main board of the Hong Kong Stock Exchange, issued an announcement stating that the subscription of 60% of the shares of "Kunpeng International Co., Ltd." (hereinafter referred to as "Kunpeng"), the actual controller of the Shandong Expressway Financial Service Platform, has officially completed the delivery. So far, Shandong Expressway Financial has held 60% of the shares through its wholly-owned subsidiary Coastal SilkLimited.
Through this equity change, Shandong Expressway Financial Services officially transformed into a dual background platform of "state-owned assets + listed companies", which is also the origin of its name.
In fact, this is not the first time this platform has been favored like this.
Shandong Expressway Financial Services was launched in 2013 and is one of the oldest platforms in Shenzhen. As early as early as the beginning of 2015, it received a round A strategic capital increase of tens of millions of dollars in just two years of its establishment, led by Huake Venture Capital Fund. Public information also shows that Huake Venture Capital Fund was established in 2013. It is an innovation guidance fund initiated by the Innovation Fund Management Center of the Ministry of Science and Technology and other departments. It is also the first professionally managed science and technology investment fund in Jinan City with government participation.
That is to say, Shandong Expressway Financial Services was "seen with different eyes" by the Ministry of Science and Technology and the Jinan Municipal Government a few years ago when it was named "Qianlai.com".
So, what is the charm behind it?
This may have something to do with its team.
According to public information, its executive team is "luxury" - they are all from traditional financial institutions, and have 20 years of financial experience, with a deep understanding of financial risk management and rich practical experience.
, such as its founder and chairman Hua Meng , is a doctor of , a postdoctoral fellow at the Institute of Finance and Economics of the Chinese Academy of Social Sciences, and a postdoctoral fellow and associate researcher in core journals. He has served as senior management personnel at China Everbright Bank, Hualin Securities , and Wugang Securities , with nearly 20 years of experience in the financial industry; for example, its chief risk officer Jiang Yuze, a bachelor's degree in economics at Sun Yat-sen University, a Ph.D. in finance from Queen's University of Canada, and has more than 15 years of experience in the financial consulting and banking industry in China and the United States, focusing on retail banking risk management and consumer finance full life cycle management. He has worked for SAS Software (China) as chief consultant for big data business intelligence and risk management, Capgemini management consulting (China), and Citibank headquarters (New York) as senior risk analyst.
The brilliant resumes of these executives not only put a unique halo for the platform since its birth, but also gave the platform a deeper thinking on the concept of product design and risk control, and had an absolute awe of risks.
For example, since its establishment, Shandong Expressway Financial Services has chosen to focus on housing mortgage financing services for small and micro enterprises and residents in China, focusing on solving the housing mortgage financing needs of Chinese customers in production and life, and meeting customers' "urgent money", "common money" and other financial needs around housing. This positioning is mainly due to a preference for low asset risks.
Qian said Jin Yu mentioned in previous article that a platform focusing on the mortgage loan business will be more secure than other platforms in the industry. Because houses are the spear of China's financial products, in addition to their residential attributes, they also have strong financial attributes and other added value.
Therefore, when the online lending industry first became popular, such assets were very popular, and various platforms mainly based on mortgage loans emerged like mushrooms after a rain. But later, with the industry's "on-night hit", under the impact of emerging businesses such as "campus loans" and "cash loans" that make money quickly, many platforms have transformed and no longer regard mortgage loans as one of the main businesses of the platform.But only a platform that can withstand the temptation of "making quick money" can withstand the test of time - according to Dr. Hua Meng, in this unprecedented "explosion wave" this year, its platform assets were completely safe and unaffected.
"We pursue quality development." Dr. Hua Meng said, "The risks that can be predicted are not called risks. There will definitely be risks in finance, and risks must be lagging. So from the beginning, our risk preference for assets has been relatively low, and this has not changed yet." Risk concepts such as
have also penetrated into all aspects of Shandong Expressway Financial Services. For example, in terms of risk control design, although they are in mortgage loan business, they still "see both houses and people."
The so-called mortgage loan refers to the borrower using the property under his name as collateral to apply for a loan. But unlike other platforms focusing on mortgage loan business, only "looking at houses but not people", Shandong Expressway Financial Services is just one of its means of increasing credit, not the most important "guarantee". "We are not saying that we can give you a loan as long as you have a house to mortgage it. This is not the case. We will only consider lending if the borrower has a stable and continuous source of repayment." Ding Jinlong, chief information officer of Shandong Expressway Financial Services, said.
In addition, in the entire pre-loan risk control, Shandong Expressway Financial Services also has a very strict standard process. "First of all, based on the data and experience accumulated over the years, we will make a preliminary judgment on the value of the property mortgaged by the borrower, such as the market value of the city where the house is located and the future potential. Then we will focus on the urban area where the property is located, such as whether it is located in the core area or the old city." Ding Jinlong said that based on practical experience, such real estate should be relatively value-preserved and have better liquidity. Secondly, before deciding to lend, Shandong Expressway Financial Services will conduct on-site inspections on the houses mortgaged by the borrower. "There are many reference indicators for the inspection here. If the family lives in it and the life atmosphere is very strong, then we are willing to lend money to such a borrower." In Ding Jinlong's view, such a borrower will not give up his house easily because this is his home.
Therefore, it can be seen that the main borrowers of Shandong Express Financial Services are small and micro business owners, and they are small and micro business owners who own real estate in core second-tier cities in core areas. "These groups have strong credit awareness, excellent and stable overall qualifications, and highly controllable project risks."
In addition, Shandong Express Financial Services, as one of the oldest financial technology platforms in Shenzhen, has accumulated a large amount of data and experience advantages in customer development, risk management technology, credit management system, operation management capabilities, etc., forming its complete intellectual property rights and unique service capabilities.
Specifically, Shandong Express Financial Services currently mainly uses its independently developed "Shidden 2.0 risk management system". This system can comprehensively identify, measure, evaluate, monitor, report, control or mitigate various risks, including market risks, credit risks, operational risks, fraud risks, liquidity risks, etc. Among them, in the pre-loan stage, the blacklist module, rule engine module, score card module, and approval module can be comprehensively used to improve the accuracy of risk decision-making efficiency through a system + manual multi-level risk decision-making model; in the loan management stage, it mainly includes contract face-to-face signing, mortgage processing, notarization processing, and implementation of other loan conditions, etc., and focus on preventing operational risks and fraud risks through the use of technical means such as facial recognition, GPS positioning, face-to-face signing and double registration, and remote signing; in the post-loan stage, it includes five-level classification, post-loan inspection, repayment management, collection management, and disposal management. Each module corresponds to different life cycles and risk states. By refining the management strategy of each module, it comprehensively tracks, monitors, evaluates, and disposes the post-loan risks of existing loans.
experience + data + technology, and the concept of "looking at houses and people" have combined to build the unique risk control system of Shandong Expressway Financial Services.This makes its assets not only recognized by lenders, but also favored by institutions.
As of now, Shandong Expressway Financial Services has lent 4 billion yuan to these small and medium-sized business owners, covering areas including Nanjing, Tianjin, Chengdu, Wuhan, Jinan, Suzhou , Qingdao , etc. The borrower industry is spread throughout the construction and building materials, transportation, professional services, light industry and food, machinery, machinery, machinery, forestry, animal husbandry, fishery, information industry and other industries. We have truly made a considerable contribution to China's inclusive finance cause.
And this is the more important original intention hidden behind the platform.
Dr. Hua Meng told Qian Jinyu that unlike other platforms, Shandong Expressway Financial Co., Ltd. was not aimed at the mortgage market at the beginning, but the small and medium-sized business owners behind the mortgage property. These people are the group that Shandong Expressway Financial Services really want to serve.
"my country's banking system and capital market system meet a large number of financial needs, but in addition to these two market systems, there are also a large number of financial needs that have not been met. For example, the bank covers a group of people with credit records, which are about 200 million to 300 million, and the needs of hundreds of millions of people have not been met; the financial needs of tens of millions of small and medium-sized enterprises have not been met by the traditional financial system, and these financial needs can all be classified as the category of inclusive finance. These inclusive financial needs exist in a large number of real realities, and meeting these needs is of great significance to promoting the development of the real economy, the development of multi-level financial markets, and the improvement of people's living standards. This requires the whole society to make long-term efforts in the institutional construction of inclusive finance, the behavioral norms of practitioners' business enterprises, and the acceleration of the application of financial technology. It is precisely because of this that we established Shandong Expressway Financial Services and have made unremitting efforts over the years." Dr. Hua Meng said.
is also why, even though the industry has experienced an unprecedented "explosion" this year, Dr. Hua Meng believes that China's demand for inclusive finance will always exist, and it is still very broad. "As long as the assets are good, you will never be short of money."
For the Internet finance industry, he also believes that "no matter how dark it is now, there will always be a day at dawn, and we will continue to move forward."
- END -
"This article does not constitute investment advice. Investment is risky, so be cautious in managing your finances"
This makes its assets not only recognized by lenders, but also favored by institutions.
As of now, Shandong Expressway Financial Services has lent 4 billion yuan to these small and medium-sized business owners, covering areas including Nanjing, Tianjin, Chengdu, Wuhan, Jinan, Suzhou , Qingdao , etc. The borrower industry is spread throughout the construction and building materials, transportation, professional services, light industry and food, machinery, machinery, machinery, forestry, animal husbandry, fishery, information industry and other industries. We have truly made a considerable contribution to China's inclusive finance cause.
And this is the more important original intention hidden behind the platform.
Dr. Hua Meng told Qian Jinyu that unlike other platforms, Shandong Expressway Financial Co., Ltd. was not aimed at the mortgage market at the beginning, but the small and medium-sized business owners behind the mortgage property. These people are the group that Shandong Expressway Financial Services really want to serve.
"my country's banking system and capital market system meet a large number of financial needs, but in addition to these two market systems, there are also a large number of financial needs that have not been met. For example, the bank covers a group of people with credit records, which are about 200 million to 300 million, and the needs of hundreds of millions of people have not been met; the financial needs of tens of millions of small and medium-sized enterprises have not been met by the traditional financial system, and these financial needs can all be classified as the category of inclusive finance. These inclusive financial needs exist in a large number of real realities, and meeting these needs is of great significance to promoting the development of the real economy, the development of multi-level financial markets, and the improvement of people's living standards. This requires the whole society to make long-term efforts in the institutional construction of inclusive finance, the behavioral norms of practitioners' business enterprises, and the acceleration of the application of financial technology. It is precisely because of this that we established Shandong Expressway Financial Services and have made unremitting efforts over the years." Dr. Hua Meng said.
is also why, even though the industry has experienced an unprecedented "explosion" this year, Dr. Hua Meng believes that China's demand for inclusive finance will always exist, and it is still very broad. "As long as the assets are good, you will never be short of money."
For the Internet finance industry, he also believes that "no matter how dark it is now, there will always be a day at dawn, and we will continue to move forward."
- END -
"This article does not constitute investment advice. Investment is risky, so be cautious in managing your finances"
