Aiqianjin and Weidai have been registered
Where is the online loan platform under strict management?
Online loan platforms that used to be "abundant of money" are gradually moving towards a new "development stage": under strict policy management, they have withdrawn from the market and transformed, while some non-compliant online loan platforms are facing the situation of being investigated. According to a reporter from Nanfang Daily, since this year, well-known online loan platforms including Aiqianjin and Weidai.com have been investigated by public security agencies, which not only makes many lenders likely to suffer losses, but also makes online loan platforms face life and death. s Choice.
Nanfang Daily reporter Ye Dan
A number of "head" online loan platforms have been registered
On July 4, the official Weibo "Ping An Shangcheng" of the Shangcheng District Branch of the Hangzhou Public Security Bureau issued a notice saying that the Shangcheng District Branch was suspected of being illegal against Weidai (Hangzhou) Financial Information Service Co., Ltd. ("Weidai.com") according to law. Absorb public deposits for investigation. At present, the case is being investigated according to law.
According to a reporter from Nanfang Daily in the circle of friends of Chairman Yao Hong of Weidai.com, at 0:51 on July 5, he issued a response: "Maybe everything is an arrangement of fate, and tell all my friends who support me Sorry! Don’t read the past, don’t fear the future, go all out.” In addition, Yao Hong clarified that although it is "the first listed financial technology company," the subject of the investigation is not the Weidai Online Market Company, but a subsidiary, and Weidai will actively cooperate with the investigation.
Information shows that Weidai.com went live on July 8, 2011, and is an internet financial service platform focused on auto mortgage lending business. On November 15, 2018, Weidai.com listed on the New York Stock Exchange and traded under the stock code "WEI". Both the issuance and opening prices were US$10 per share, but as of the close of July 6, Weidai.com's stock price was 1.35. The market value is less than 100 million US dollars. According to the data released on the website of Weidai.com, as of February this year, the cumulative loan amount of Weidai.com was 298.6 billion yuan, the balance of the loan was 8.6 billion yuan, the current number of lenders was 115,000, and the cumulative loan amount per capita was 264,000. According to the data released by Weidai.com's 2019 financial report, Weidai.com's outstanding balance of external loans as of the end of last year was 13.7 billion yuan.
The same well-known head online loan platform in the country, before the micro loan network was filed, invited many celebrities to endorse the "love money into" has also been investigated by the police. According to the official website of Aiqianjin, as of July 1, 2020, the cumulative matching transaction amount of its platform reached 231.897 billion yuan, and the cumulative return on lending for users reached 9.892 billion yuan. The cumulative number of users served was 16.79 million.
After "crazy" platforms have withdrawn from online loan business
According to the company’s survey data, as of July 3, 2020, China’s Internet finance-related companies (keywords related to “Internet finance”) had a total of 56,200 companies, of which more than 45,000 were in operation and surviving companies. , Accounting for 80.35% of all related companies.
Looking at the industry's development and changes in the past decade, the company's survey data shows that the industry ushered in an unprecedented skyrocketing from 2013 to 2015, and the number of enterprise registrations has skyrocketed 10 times in only two years. With the frequent occurrence of P2P "thunderstorm" incidents at that time, the country adopted a series of restrictive policies, and the industry ushered in a major reshuffle in 2016 and 2017.
According to a reporter from Nanfang Daily, in the context of strict supervision, the tough battle to resolve the risk of online loan stocks has already started nationwide. Since this year, five established online loan institutions have announced their withdrawal from online loan services. On February 15, Building Block Box announced its withdrawal from the online loan industry. On March 19, Renren Jucai, the Shenzhen P2P platform, officially announced its voluntary withdrawal from the online lending information intermediary business. It has filed relevant matters with the financial work department and is expected to complete the redemption within 3 years from the date of redemption. On April 17th, XD Technology released a notice through its WeChat public account "XD Investment", saying that it decided to start a strategic transformation, carry out an orderly and batch-wise business settlement of the original online loan business stock, and steadily withdraw from the online loan business. . On May 9, Maverick Online, a well-known Shenzhen P2P platform with a scale of 100 billion yuan, announced its "benign" exit. According to its official disclosure, the current total number of borrowers on the platform is 1,167,100, and the loan balance is 10.420 billion yuan.
In addition, the 51 credit card began to withdraw from its online loan business in late June. Digging money is also "coming in accordance with the government's requirements to transform and develop financial technology." Relevant data show that as of March 31 this year, there were 139 online lending institutions operating in the country, a decrease of 86% from the beginning of 2019; the loan balance decreased by 75%; the number of borrowers decreased by 80%; and the number of borrowers decreased by 62%. The number of institutions, the scale of loans and the number of participants have declined for 21 consecutive months. According to data from NetEco, nearly 5,000 institutions have withdrawn since the remediation began.
The road to transformation is long, only multi-directional exploration
In June this year, as the first online lending institution in China, Paipai Loan announced the withdrawal and transformation announcement. At the same time, after upgrading to Xinye Technology Group, the group's business includes: the financial technology business segment for services and empowerment for overseas business expansion. The international business sector and the technology ecological incubation business sector that focus on future technological development have completely eliminated the relationship with the "online loan" business.
Dong Ximiao, a special researcher of the National Finance and Development Laboratory, said in an interview with reporters that "renaming does not mean successful transformation, and renaming is just the beginning. The most important thing is to transform the business and development model."
As another U.S.-listed Lexin that is involved in online loan business, it is trying to make a transition to a new development model while continuously reducing its online loan business. According to reports, Lexin set up the instalment Le "Tianfeng Securities-Instalment Le Phase 1 Trust Benefit Right Asset Support Special Plan" on the Shenzhen Stock Exchange in July this year, trying to establish cooperation with more financial institutions through the open market, rather than docking personal Lend. In addition, in terms of platform transformation, Lexin has launched a membership-based consumer service platform Leka APP for different consumers. It has developed hundreds of online and offline brand rights, covering catering and fresh food, fitness learning, travel, life services, audio-visual games 6. Customized equity 6 categories and 28 subcategories.
It is worth noting that even the micro-loan network in the storm is not forgetting to think about the direction of transformation. According to a reporter from Nanfang Daily, Weidai.com has also issued an announcement before, intending to transform and apply for an online microloan license.
As early as July 2019, a special meeting on online lending risk rectification was held to clarify the direction of work, continue to guide the platform to take the initiative to liquidate, suspend business and exit, and increase the intensity of benign exit. At the same time, it pointed out that a small number of institutions that are qualified in terms of capital and professional management capabilities are allowed and encouraged to apply for restructuring into online microfinance companies and consumer finance companies.
Lawyer Li Min, a special researcher of the E-commerce Research Center and a senior partner of Shanghai Hansheng Law Firm, said in an interview that in the future, a few compliant P2P online lending institutions may be included in the supervision pilot, and most of them will not meet the compliance requirements. Of P2P online lending institutions can only choose benign exit or smooth transition. However, Li Min also pointed out: "Although the regulatory authorities have proposed that P2P online lending institutions can be transformed into small loans, consumer finance, or other licensed institutions, they have only issued guidelines for the transformation of small loans, and have not given clear explanations for other transformation approaches. ; The plan for piloting the online loan industry has also been unclear, and the above plan should be introduced as soon as possible."