Source: First Financial
On July 30, the founder and CEO of Feng Xin is still fermenting due to the negative impact of suspected crimes. Today, Storm Group hit the daily limit again at the opening, with a quotation of 5.1 yuan per share, with a total market value of 1.681 billion yuan.
On the news front, on the evening of July 29, the Shenzhen Stock Exchange issued a letter of concern to Storm Group, asking it to explain the reasons why the actual controller of the company, Feng Xin, was taken compulsory measures by the public security organs, and whether it was suspected of unit crimes, whether it was related to the company, and whether it would have a significant impact on the company's daily operations and information disclosure. At the same time, Storm Group was asked to explain the specific time the company learned about the matter and whether the information disclosure was timely.
In addition to the core business and stock price of Storm Group being directly affected, the financial sector of the group was also affected. Its branch Storm Finance stopped releasing new targets and announced that some products would be delayed in redemption.
Open the official website of Storm Finance, and the homepage displays the "Announcement on the Operation of Storm Finance Platform and Related Information Disclosures". Storm Finance said that in order to ensure the interests and funds of Storm Finance users, the platform will stop issuing new standards. Storm Finance has set up an emergency emergency team for this matter, and has actively communicated with relevant regulators as soon as possible, and will regularly report the progress of the incident and the operation of Storm Finance platform in the form of announcements. At the same time, affected by this news, some products will be delayed in redemption.
Tianyan Check information shows that Storm Finance was established in October 2016 and is operated and maintained by Beijing Storm Chengxin Technology Co., Ltd., which is a subsidiary of Storm Group; it is also wholly owned by Beijing Storm Rongxin Technology Co., Ltd. According to information from its executive team, Feng Xin, the legal representative and manager are Shi Huayu, and the supervisor is Zhao Jing. From the perspective of equity structure, Storm Group indirectly controls Storm Finance, and its legal representative is Shi Huayu.
data shows that as of June 30, 2019, Tianchen Zhitou had a cumulative loan amount of 99.3663 million yuan, a loan balance of 18.4 million yuan, and a cumulative loan number of 6,278 users. Tianchen Zhitou's net loss in 2018 was 3.132 million yuan and a net loss in 2017 was 1.056 million yuan.
In addition, it should be noted that public information shows that the Ministry of Industry and Information Technology has previously named the rectification of Storm Finance. On July 1, the official website of the Ministry of Industry and Information Technology issued an announcement on the quality of telecommunications services by the Ministry of Industry and Information Technology. In the first quarter, the Ministry of Industry and Information Technology organized a random inspection of 106 Internet services of 100 Internet companies, and found that 18 Internet companies had problems such as not disclosing the rules for collecting and using users' personal information, not informing the channels for inquiring and correcting information, and not providing account cancellation services, and ordered relevant companies to make rectifications. Among them, Storm Finance was named for issues such as "the rules for collecting and using users' personal information have not been disclosed" and "the account cancellation service has not been provided".
A financial industry insider who did not want to be named told the First Financial reporter that the main problem of third-party financial technology is to improve customer experience through technological means and then obtain market and traffic. However, this method lacks supervision in terms of supervision, and there are also problems in professional skills. A professional organizational structure model has not yet been formed, such as the independent risk control system within the bank, which will lead to many problems, such as many Internet financial management and private equity projects are gradually exploding. In terms of the loan field, many cash loan businesses have become a kind of usury, not doing finance, but doing business similar to gray or black industries.
In addition, P2P has a maturity mismatch problem with private equity, that is, the platform takes away investors' money, and the investment project and the income period may not be consistent with the promise, which will also lead to redemption risks.
Taking Storm Finance as an example, you can check the Storm Finance website and find that all its products are the "Anxiang" series, with an expected annualized rate of return of 6%-12%, claiming "high-quality projects, flexible term, and free choice." But after clicking on the project, the page jumps directly to Tianchen Zhitou, which operates the latter by Inner Mongolia Tianchen Network Information Service Co., Ltd., which is the vice president unit of Inner Mongolia Internet Finance Association. In 2015, when
P2P business was in full swing, there were more than 8,000 P2P platforms nationwide, with each platform involving a total amount of 1 billion, 10 billion, or 100 billion, and even a single target raised more than 100 million yuan.As of the end of 2018, according to the latest report released by Online Loan Tianyan, the number of normal operating platforms in the online loan industry has dropped to 1,798, a decrease of 442 compared with the end of 2017. In 2018, the industry's turnover reached 1.92 trillion yuan, a month-on-month decrease of 21.19%. Breaking the increase in transaction volume for five consecutive years, the transaction scale of the online lending industry has shown negative growth for the first time. From late 2018 to the present, the domestic P2P industry has continued to experience "explosion" and runaway. Even the leading company Lufax plans to stop online lending business and will undergo transformation.
With the background of online lending rectification and acceleration of inclusive finance, the financial technology industry has washed away bad money through the form of explosions and gradually experienced an industry reshuffle. IDC believes that ecological opening and technological transformation in 2019 are the two major keywords of China's financial industry. With the innovation and improvement of top-level design, financial institutions usher in a future financial era of technology empowerment. The application of financial technology in the financial industry is gradually showing a trend of scenario-based, platform-based and intelligent financial services. Technology technology led by cloud computing, and big data will promote business scenario innovation and technological application innovation in the financial industry.
In the past, the development model of "traffic is king" in the Internet financial bubble period has gradually been denied. Technology vocabulary such as big data, cloud computing, artificial intelligence, blockchain, etc. has been frequently mentioned by industry insiders, and technology research and development and data application have received more and more attention.
