The meaning of repaying the loan is obvious, that is, the online lending platform has completed the clearance of all stock businesses and will no longer conduct online lending business. In addition, the auction of loans also shows that it has successfully transformed into a lending platform, which is helpful to match the appropriate funds of licensed financial institutions for borrowers with borrowing needs.
What needs to be distinguished is that the auction loan is different from the online loan. It belongs to benign repaying, repaying all the stock business, and it is carried out under the guidance of supervision.
In fact, from an industry perspective. It is wise for people to repay loans. With the improvement of mutual funds, the industry will become more and more standardized and the supervision will become more and more strict. Only timely transformation can promote the good development of enterprises.
10 On June 5438+02, Paipai Loan (now renamed as "Xinyi Technology") announced that:
Since the mutual fund rectification work was carried out, the auction of loans has actively responded to and cooperated with the regulatory requirements of "three reductions". By September 2020, under the supervision and guidance, in line with the principle of protecting the interests of both borrowers and lenders, the auction loan has completed the liquidation and withdrawal of the stock business. At present, it has successfully transformed into a lending platform, and is committed to matching suitable funds from licensed financial institutions for borrowers with lending needs, and continues to provide safer and more stable services for photographers.
Various localities have successively introduced a number of measures to rectify the "old lai" of online loans and prevent institutions from "running away":
Among them, Shenzhen has established a three-level publicity system for online loans, and the list of institutions included in online loans will be submitted to the Credit Information Center of the People's Bank of China, and will be included in the credit information system after review. This move is conducive to Internet finance to control risks from the source and let Lao Lai take advantage of it.
Li Aijun, dean of the Institute of Internet Finance Law of China University of Political Science and Law, believes that long-term borrowing and malicious evasion of debts are prominent problems that plague the development of P2P online lending industry. The access of online lending platform to the central bank's credit information system will deter and punish borrowers, improve their willingness to pay debts, reduce the risk control costs and operating costs of online lending institutions, and protect the rights and interests of lenders.