Writing | secretary-general
Produced by | Consumer Finance Channel
After a year-long pursuit by the police, the funds of the micro-loan network were recovered to key nodes, which is very important for the micro-loan network to clean up existing online loans.
According to the Circular on Disposal of Microfinance Networks jointly issued by Shangcheng Branch of Hangzhou Public Security Bureau and relevant departments, up to now, the accumulated funds collected by public security organs can cover the outstanding principal of lenders (accumulated recharge minus accumulated cash withdrawal). A month ago, the accumulated funds disclosed by the police were 4.77 billion yuan.
With the assistance of the police, the micro-loan network has been able to pay the principal of the lender. As for whether the interest can be paid, it is still unknown. As an Internet financial institution engaged in online loan business earlier in China, the micro-loan network has obviously not given up. Seeing the successful transformation of peers to help loans, the micro-loan network can do nothing.
The internet financial market has changed over time, online loans have been destroyed, and the rules for helping loans have been gradually reshaped. Especially since last year, financial technology has been strictly controlled, and the regulatory indicators of the lending market have emerged one after another. At the same time, it is more difficult to acquire customers and control risks. Micro-loan network encountered a retreat storm when the market changed, and both word of mouth and understanding of the market have fallen behind peers. Even if the retreat can be completed, the transformation will not be easy.
Expect redemption
Micro-loan network 20 1 1 prepares for online loan business, and then launches auto mortgage business. In the era of online lending, micro-lending network belongs to a veritable old-fashioned institution. In 20 13, the "five-year hundred stores" plan was put forward, and the layout of the national 100 business halls was completed in only two years, which was very popular both online and offline.
The loan amount ranges from zero to hundreds of billions, and the micro-loan network and its founder Yao Hong have won numerous awards, most of which are based on financial technology and Internet plus finance. Helpless, it was the online loan that dragged the micro-loan network into the water. Because the circumstances were serious and involved no fees, the micro-loan network was finally put on file.
A few months ago, the Public Security Bureau of Shangcheng District, Hangzhou, said in response to the inquiry of the lenders of the micro-loan network that the accumulated amount of the micro-loan network was nearly 4.7 billion yuan, and the recovery rate was over 97%. The recovery is good and the audit work is being carried out according to law. At this time, it is not far from fully paying the net principal of the lender with a scale of about 4.8 billion.
Before the case was filed, the pressure to repay the micro-loan network was very great. As of February 29, 2020, the outstanding balance of micro-loan network was 8.583 billion yuan. In July, the micro-loan network held a communication meeting to pay the lender's net principal first, which is expected to be completed within 12 months. Yao Hong, the founder of micro-loan network, mentioned at the meeting that there are still 6.4 billion yuan to be collected, of which the net principal is 4.8 billion.
It is not easy for micro-loan network to pay the lender's net principal. At a recent press conference, the CBRC disclosed the latest data of stock online loans. By the end of March, there were 79 closed online lending institutions 1387 with outstanding stock business, a decrease from the end of last year, and the outstanding loan balance was 7161600 million yuan, a decrease from last year of1460 million yuan.
At present, the pressure on the disposal of online loan stock assets is still not small. Among the remaining online lending institutions, there are many large institutions such as Jiufu, Renren Loan and Phoenix Zhixin. At the same time, many institutions have been put on file by the police. In contrast, the online loan filing process is accelerated, and the efficiency of stock disposal will also increase.
According to the latest data disclosed by the CBRC, the CBRC has coordinated the public security and judicial departments to speed up the trial of 999 registered institutions. Accelerate the recovery of losses and recover executive bonuses, celebrity endorsement fees and advertising fees according to law. At the same time, it also introduced a credit information system and asset management companies to improve the ability to recover online loan assets.
For the institutions that have filed a case, the level of recovery is high, and the main driving force for the micro-loan network to pay back money comes from supervision and police intervention. The police even set up a special line to assist institutions in debt collection and took resolute measures to crack down on debt evasion, thus deterring borrowers and improving the repayment rate of lenders. In addition, the police also maximize the pursuit of the property of online lending institutions and related responsible persons.
Retirement can rely on the police and supervision, and the transformation can only rely on itself. Judging from the business of head lending institutions, the lending market has turned to pure technical lending, which not only requires lending institutions to have competitive traffic and scenario advantages, but also has very strict access thresholds for license compliance and risk control technology.
It's hard to get back to the top
Previously, Microfinance Network released an annual report with good fund collection, and made a comprehensive analysis of its own performance, development and risks, which mentioned that the company's P2P online loans will resume lending business after all collection.
According to the performance of micro-loan network in 2020, the revenue and profit have been greatly reduced, and it is still doubtful whether there is enough liquidity to invest in business recovery. By the end of February, 65438+2020, the net profit of micro-loan network was-7130,000 yuan, down 380.97% year-on-year; Operating income was 732 million yuan, a year-on-year decrease of 65.4 1%. Since last year, some internet financial platforms have announced the completion of redemption and stock clearing, and realized the transformation to the model of helping loans and small loans. So far, the supervision has not put forward a specific loan-assisting management system. However, it can be seen from the new regulations on Internet loans and online small loans of commercial banks that the license threshold and exhibition industry standards for loan-assisting are getting stricter and stricter, which also means that the transformation of micro-loan network will face a more complicated supervision situation.
First of all, in terms of license, micro-loan network needs at least 654.38 billion registered capital to apply for the national network small loan license, which is a test for the finance of micro-loan network. Recently, Xiaoying Technology announced that it had received the approval from Shenzhen Local Financial Supervision Administration on Xiaoying Small Loan, and Shenzhen Xiaoying Small Loan completed the industrial and commercial registration procedures with a registered capital of 654.38+0 billion yuan.
Although there is a small loan from Fuzhou Microfinance Network, an online small loan company, under the Microfinance Network, according to the online loan transformation policy, its registration place is inconsistent with that of the platform operator. If the micro-loan network wants to operate with a license, it must re-apply for a license.
Secondly, the acquisition of the network small loan license does not mean that the transformation will be smooth. On the one hand, the regulatory constraints of online small loans are tightened, and the loan-assisting business attached to online small loans is bound to face uncertainty; On the other hand, scenarios, traffic, and technology are also the core support of the loan-helping business.
The micro-loan network business has been stagnant for some time, and its scene and traffic will also be affected. The value of existing users and channel resources has been cut. In particular, the micro-loan network has a criminal record, and its reputation in the hearts of users and institutions has become extremely poor, which will inevitably cause resistance to business recovery.